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CryptoIntelligence 2024-10-15 15:52:00

Metaplanet’s Shares Surge 16% After New BTC Purchase

Shares in Metaplanet surged 15.7% on October 15 after the Japanese investment firm announced its latest purchase of nearly 107 Bitcoin. With this latest acquisition, Metaplanet now holds a total of 855.5 Bitcoin (BTC), valued at over $56.1 million, according to the firm’s October 15 statement. The company disclosed that it spent approximately $6.7 million (1 billion yen) to acquire 106.976 BTC, paying around $62,520 per Bitcoin — 5.8% below the market price of $66,200 at the time of the announcement. Metaplanet’s share price traded at 1,105 yen ($7.38) before the Tokyo Stock Exchange break at 11:30 am local time,

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