Metaplanet, a Japanese company, has seen a 1,017% rise in its stock price this year after adopting a Bitcoin investment strategy. They launched this plan in April and have now become Asia’s second-largest corporate holder of Bitcoin, behind Boyaa Interactive. Metaplanet’s shares have risen 740% in six months, from $190 in April to $1,596 at Friday’s close.
The company currently holds 1,018.17 BTC, with an average purchase price of $61,800. Based on the current price of BTC, the floating profit exceeds $6 million.
