According to BlockBeats, on October 15, Cointelegraph reported that Metaplanet, a Japanese listed company, has doubled its Bitcoin holdings this month, buying more than 450 Bitcoins in four purchases. Today, Metaplanet announced the purchase of about 107 Bitcoins, worth about $6.7 million. The company's stock price rose 15.7% today. The recent increase in holdings has brought Metaplanet's total BTC holdings to 855.5.

Metaplanet's stock price has risen 480% since it announced its Bitcoin investment strategy in early April. Metaplanet CEO Simon Gerovich said the company's Bitcoin investment strategy was inspired by MicroStrategy and its executive chairman Michael Saylor, whose company currently holds more than 252,000 Bitcoins worth $16.45 billion. According to Bitcoin Treasuries, Metaplanet's Bitcoin holdings rank 23rd among listed companies.