**Metaplanet Boosts Bitcoin Holdings, Shares Surge**

Japanese investment firm Metaplanet has made headlines again with another significant Bitcoin purchase. On October 7, the Tokyo-listed company announced it had acquired an additional 108.78 BTC, worth around $6.92 million at current prices. This latest buy brings Metaplanet's total Bitcoin holdings to nearly 640 BTC, valued at approximately $40.5 million.

- **Stock Surge**: Following the announcement, Metaplanet's stock price soared over 11%, reaching an intraday high of 1,047 yen (about $7).

- **Strategic Moves**: The firm has been aggressively buying Bitcoin, earning it the nickname "Asia’s MicroStrategy." Just last week, Metaplanet purchased 107.91 BTC.

- **Options Strategy**: On October 3, the company sold 223 Bitcoin put options, netting an additional 23.97 BTC. CEO Simon Gerovich stated this strategy helps increase Bitcoin reserves without added financial risk.

- **Partnerships**: In September, Metaplanet partnered with SBI Holdings to bolster its crypto trading and management capabilities.

Metaplanet's strategic adoption of Bitcoin as a treasury reserve asset since May 2024 has seen its stock price more than triple, gaining over 532% this year alone.