Japan’s Metaplanet makes $7M Bitcoin buy, bringing holdings to $40.5M

The Japanese investment firm has scooped up more than 200 Bitcoin so far this month. 

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Japanese investment company Metaplanet has made another Bitcoin purchase, bringing its stash to nearly 640 Bitcoin and sending its stock surging over 10%. 

On Oct. 7, Metaplanet announced its latest Bitcoin purchase as the Tokyo-listed firm scooped up another 108.78 Bitcoin (BTC), worth roughly $6.92 million at its current price of around $63,600.

Metaplanet, which has been dubbed “Asia’s MicroStrategy” after the American BTC buying firm, has been aggressively buying BTC and has amassed more than 215 BTC over the week following a 107.91 BTC purchase on Oct. 1. 

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