Metaplanet’s Fresh Bitcoin Purchase Sends Stock Soaring By 25%

Quick Summary:

Japan’s public-listed firm Metaplanet continued with its Bitcoin accumulation spree buying an additional 21.88 BTC earlier today for an estimated $1.26 million in total investments.

This development comes as the Bitcoin price surged by an additional 4.5% on Monday, moving all the way closer to $65,000.

The company’s Bitcoin adoption strategy has provided a solid thrust to its stock which is up by more than 631% since the beginning of the year.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaJapan

Topics: 24/7 Cryptocurrency News Bitcoin holdings Bitcoin Price Surge Bitcoin News Metaplanet share price MicroStartegy Metaplanet Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-16 @ 04:22:19 (22 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 35 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21644718

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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