Tokyo’s Metaplanet Inc. Boosts Shares by 12% Following ¥1 Billion Bitcoin Investment Plan

Metaplanet Inc., a Tokyo-based investment firm, experienced a significant surge in its stock value after a recent announcement. The company’s board has approved a decision to purchase bitcoin worth 1 billion yen (approx. $6.26 million) using raised capital from an upcoming bond issuance. “The raised funds will be used to buy Bitcoin,” the company stated,

Source: CoinOtag