Metaplanet, a Tokyo-based company, has doubled its Bitcoin holdings to 1,018.17 BTC, with a total value of $28 million. The company made a substantial investment in October 2024, acquiring over 156 BTC for $10 million. Despite this investment, the company reported a net loss of $2.1 million in Q3 2024.
The stock has surged 500% in six months but dropped 5% after the latest report.
