Japanese investment firm Metaplanet has continued to buy Bitcoin, bringing its total to around 640 Bitcoin, sending its stock up more than 10%.

On October 7, Metaplanet announced that it had purchased another 108.78 Bitcoin. This purchase brought the firm’s total Bitcoin holdings to 639.5 BTC. Metaplanet has adopted Bitcoin as a strategic reserve asset since May 2024, and its stock price has more than tripled in the process.

Metaplanet CEO Simon Gerovich stated that they aim to increase their Bitcoin reserves with options strategies. What do you think about these strategies? We are waiting for your comments.