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Bitcoin Effect on Japanese Investment Firm Metaplanet Shares! Here Are the Details

Bitcoin Effect on Japanese Investment Firm Metaplanet Shares! Here Are the Details
Japanese investment firm Metaplanet has seen a 15.1% increase in its shares after purchasing an additional 124.1 BTC for about $11.3 million. The company bought the Bitcoin at an average price of ¥14.1 million per BTC, bringing its total assets to 1,142.2 BTC worth roughly $104.8 million. Metaplanet aims to adopt Bitcoin as a strategic treasury reserve asset. The firm's shares closed at 2,295 yen on Tuesday, with daily trading turnover reaching 21.9 billion yen. Metaplanet has reported a BTC return of 186.9% between October 1 and November 19. The company also issued a one-year bond worth ¥1.75 billion with funds allotted for further Bitcoin purchases, emphasizing its long-term commitment to the cryptocurrency.

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