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Metaplanet Stock Soars 6% Following Another Bitcoin (BTC) Acquisition

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Japanese investment firm Metaplanet Inc. announced today that it has purchased an additional 38.464 BTC, worth approximately 300 million yen .

The investment strategy has been compared to that of the U.S.-based software company MicroStrategy, led by Michael Saylor, which is currently the largest corporate Bitcoin holder with over 226,500 BTC, according to BitcoinTreasuries This recent purchase of 38.464 BTC follows earlier acquisitions, including 42.4 BTC in July, 19.87 BTC in May, and 97.85 BTC in April. The company alsoThe collaboration grants Metaplanet access to a compliant corporate custody service designed to optimize tax efficiency while leveraging Bitcoin as collateral for financing.

 

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