Metaplanet's stock price surged over 10% today, and since the announcement of its Bitcoin investment strategy, the stock price has soared nearly fivefold

According to data from Google Finance, on June 11th, during the midday trading session at the Tokyo Stock Exchange, Metaplanet's stock price rose by 10.8% to $0.59 (92 yen), then fell back to $0.57 (89 yen).

Since announcing its Bitcoin investment strategy on April 9th, 2024, the company's stock price has nearly quintupled.

Earlier today news came out that Metaplanet, a listed Japanese company, has increased its holdings by purchasing an additional 23.35 Bitcoins worth $1.6 million and currently holds about 141 Bitcoins.