Metaplanet has doubled its Bitcoin holdings this month with purchases totaling more than 450 Bitcoin.
Shares in Metaplanet rallied 15.7% on Oct. 15 after the Japanese investment firm announced its latest purchase of almost 107 Bitcoin.
Metaplanet’s latest purchase brings its total stash to 855.5 Bitcoin (BTC) — worth more than $56.1 million — the firm said in an Oct. 15 statement.
The firm said it spent almost $6.7 million (1 billion yen) to buy 106.976 BTC, paying around $62,520 per coin — 5.8% under Bitcoin’s market price of $66,200 at the time of Metaplanet’s announcement.
