Metaplanet buys another $1.2M of Bitcoin amid rebound toward $65K

Japanese-based investment firm Metaplanet has purchased another $1.2 million worth of Bitcoin, taking its total Bitcoin stack to over 225.

Metaplanet’s share price spiked 22% in the first 30-minutes on the Tokyo Stock Exchange following the news on July 16.

Bitcoin-stacking investment firm Metaplanet has purchased another 21.88 Bitcoin — worth over $1.2 million — amid the recent Bitcoin rally, driving prices close to $65,000.The recent purchase, combined with Bitcoin’s 4.4% price rise over the last 24 hours, has fueled a surge in Metaplanet share prices — up 25.8% to $0.

Largest corporate Bitcoin holders in the world. Metaplanet remains in 21st position despite CoinGecko having not updated its latest Bitcoin purchase. Source: CoinGecko. Metaplanet has been dubbed “Asia’s MicroStrategy” because it follows a similar playbook to Michael Saylor’s MicroStrategy in 2020.The Japanese yen has fallen nearly 54% against the United States dollar since January 2021, while Bitcoin is up over 145% against the yen over the last 12 months.Ether ETFs on the move, Messi promotes memecoin, and more: Hodler’s Digest, July 7-13

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