Metaplanet rallies 10% as it scoops Bitcoin for third time in 2 months

The firm’s third Bitcoin purchase since April 23 brings its total holdings to 141.07 Bitcoin, worth over $9.6 million.

Shares in ‘Asia’s MicroStrategy’ Metaplanet surged double-digits on Tuesday after the company disclosed another million-dollar Bitcoin (BTC) purchase — its third in seven weeks.

A company statement on June 11 revealed the firm bought 23.25 Bitcoin (BTC) — worth almost $1.59 million, bringing its total holdings to 141.07 Bitcoin ($9.6 million) for an average purchasing price of $65,365 (10,278,391 Japanese yen) per Bitcoin.

This puts Metaplanet at a gain of 4.5% on its Bitcoin investment at Bitcoin’s current price of $68,313, according to CoinGecko.

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