Metaplanet's total bitcoin holdings have surpassed 1,000 since the purchase on Sunday.
The Tokyo-based firm said it took more than 156 BTC worth about $10 million, bringing its total holdings to 1,108 BTC ($69 million).
Dubbed “Asia's Answer to Micro-Strategy”, it is Metaplanet. position In April, Bitcoin began to be held on the books as a “pioneer in the adoption of digital assets in Japan.”
The announcement sparked an 8% rally in the company's stock in early Asian trading hours, with shares trading at 1,139 JPY (US$7.41), according to Google Finance.
According to CoinGecko data, Bitcoin is trading at $67,645, a slight increase of 0.8%.
The publicly listed company's success follows several acquisitions this month of more than 600 BTC.
That's how it started October 1The company raised 107 BTC for 1 billion yen ($6.6 million) at an average price of $61,932 per Bitcoin. It followed that. October 7 A purchase of 108 BTC for around $6.7 million.
An additional 108 BTC was raised from that October 11 For 6.5 million dollars, which was followed by another 106 BTC three days Later.
Last week Metaplanet followed in the footsteps of Michael Saylor's software company MicroStrategy, the world's largest corporate owner of Bitcoin. Adoption A measure known as “BTC yield”.
BTC Yield seeks to provide a more transparent method for assessing whether Bitcoin purchases increase shareholder value and whether October is particularly bleak for the company.
With Metaplanet's 1,018 BTC holdings trailing MicroStrategy's 252,000 BTC, the Tokyo-listed company is increasingly becoming a top contender in corporate bitcoin adoption globally.
Edited by Sebastian Sinclair
Daily Debrief Newspaper
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