Metaplanet, a publicly listed company on the Tokyo Stock Exchange, has revealed an investment of 23.351 bitcoins, purchased at an average price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now possesses 141.0727 bitcoins, acquired at an average price of 10,278,391 yen per BTC, resulting in a total investment of 1.45 billion yen. On May 13, Metaplanet declared its strategic move towards treasury transformation and bitcoin adoption, following the addition of bitcoins worth 1 billion yen to its treasury. This decision reflects the approach taken by Microstrategy in the U.S. and has garnered positive feedback from the market. Following the announcement of the bitcoin strategy, Metaplanet’s stock price has experienced a significant surge, increasing by approximately 456.25% year-to-date.
