Japan’s MicroStrategy Continues Bitcoin Purchases: Surpasses 500 BTC

Tokyo-based investment company Metaplanet announced a new Bitcoin purchase. The company purchased 107.9 BTC and increased the number of Bitcoins it holds to over 500.

Metaplanet, which made a splash in the world with its Bitcoin investments that it started making at the beginning of this year, announced a new Bitcoin purchase. The Tokyo-based company purchased 107.9 BTCs worth $6.9 million. The number of BTCs the company holds has thus increased to 506.7.

According to the company’s latest statement, the average purchase was $64,931.

Share value continues to increase

The company, whose shares increased with every Bitcoin purchase announcement, experienced the same situation again. The shares increased by 4.2%. Metaplanet had also announced Bitcoin as a reserve asset.

The company is also being described as “Japan’s MicroStrategy”.

The US-based MicroStrategy company is the company with the most Bitcoin in the world, with more than 252 thousand BTC held...

Bitcoin is trading at $64,000 at the time the news was written.

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