Millions of dollars of new purchases from the company that saw its salvation in Bitcoin

The Japan-based investment firm once again bought Bitcoin. With its $6.9 million purchase, the company increased the number of BTC in its hands to 639. After the purchase announcement, company shares also increased by more than 10%.

Millions of dollars of new purchases from the company that saw its salvation in Bitcoin

Metaplanet, which made a profit with the ‘put options’ it sold during last week’s declines and increased the number of BTC by 24 more, announced a new Bitcoin purchase. The company, which announced that it chose the largest cryptocurrency as a reserve asset in April, bought 108.78 BTC for $6.92 million today.

The Tokyo-based firm, also called ‘Asia’s MicroStrategy’, made a purchase of 107.9 BTC on October 1. Thus, the investment company’s purchase in just 1 week reached 215 BTC.

Metaplanet, which holds 639 BTC worth $40 million in total, announced Bitcoin adaptation in April. Company shares have increased more than 3 times since then.

Metaplanet had also established a partnership with the crypto subsidiary of SBI Holdings, one of Japan’s largest companies. With the agreement in early September, SBI became responsible for Metaplanet’s Bitcoin trades and custody operations.

MicroStrategy, the company with the world’s most Bitcoin, last announced the purchase of 7400 BTC worth $458 million in September. The company led by Michael Saylor currently holds more than 250 thousand Bitcoins.

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