Fresh news! 🌟 Japanese investment firm Metaplanet has made another Bitcoin purchase, bringing its reserve to nearly 640 BTC and sending its stock up more than 10%.

- On October 7, Metaplanet announced the purchase of 108.78 BTC, valued at roughly $6.92 million.

- Known as the “MicroStrategy of Asia,” Metaplanet has been aggressively buying BTC, accumulating over 215 BTC in the past week.

- Its holdings now total 639.5 BTC, valued at around $40.5 million.

Its stock price rose more than 11% on October 7, reaching an intraday high of 1,047 Japanese yen (approx. $7).

Since adopting Bitcoin as a reserve asset in May 2024, its stock price has tripled, gaining more than 532% this year.

- Last week, Metaplanet sold Bitcoin put options, earning an additional 23.97 BTC.

- These options allow you to sell BTC at a predetermined price before a specific date.

CEO Simon Gerovich highlighted that this strategy increases your Bitcoin reserves without additional financial risk. Additionally, Metaplanet partnered with SBI Holdings to improve its trading and crypto management capabilities.

What do you think about this strategy? Leave us your comment! 💬