Metaplanet’s share price spiked 22% in the first 30-minutes on the Tokyo Stock Exchange following the news on July 16.
Bitcoin-stacking investment firm Metaplanet has purchased another 21.88 Bitcoin — worth over $1.2 million (200 million Japanese Yen) — amid the recent Bitcoin rally, driving prices close to $65,000.
According to its latest July 16 purchase statement, the Japan-based firm’s Bitcoin holdings now total 225.6 Bitcoin, valued at $14.6 million.
The recent purchase, combined with Bitcoin’s 4.4% price rise over the last 24 hours, has fueled a surge in Metaplanet share prices — up 25.8% to $0.74 (117 Japanese yen) in the opening two and a half hours on the Tokyo Stock Exchange on July 16, Google Finance data shows.
