Metaplanet’s stock hits 3-month high after 104.3 million USD Bitcoin purchase

Metaplanet successfully purchased 1,004 BTC, bringing its total holdings to 7,800 BTC. This acquisition led to a notable 12.6% increase in stock price, demonstrating the positive impact of its cryptocurrency investments.

The company’s Q1 earnings report highlighted that 88% of its revenue stemmed from Bitcoin options, solidifying the cryptocurrency’s crucial role in Metaplanet’s financial strategy.

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