Metaplanet acquired 108.78 BTC, increasing Bitcoin holdings to over 639 BTC valued at $40M.
Asia-based Metaplanet has significantly expanded its Bitcoin holdings, now totaling over 639 BTC valued at approximately $40 million, after purchasing 108.78 BTC for $6.92 million. This investment aligns with a broader trend among major companies in the cryptocurrency market. Following this acquisition, Metaplanet's stock rose by 11%, marking a 532% increase since January. The firm plans to leverage options on some assets for further returns.
October 07, 2024
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