#Metaplanet Japan invests more in Bitcoin, buys $6.9 million
Japanese company Metaplanet Inc. announced that it has acquired an additional 108 Bitcoins worth $6.9 million, bringing its total holdings to 506.7 Bitcoins worth $32.2 million.
The purchase was made at an average price of $64,168 per Bitcoin, which contributed to the company's stock rising by 2.12%.
Metaplanet began its Bitcoin buying strategy in May, making several acquisitions to boost its financial reserves.
It also obtained a $6.8 million loan to support this strategy, amid economic concerns about inflation.
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