Japanese investment firm Metaplanet has made an additional $44 million worth of Bitcoin purchases, leading to a nearly 20% increase in the value of its shares.
In a post published on March 5 on X, Metaplanet CEO Simon Gerovich announced the company had acquired 497 Bitcoins at a price of approximately $88,448 per coin, totaling $43.9 million.
He noted that the company has achieved a 45% return so far this year.
According to information provided by the company on March 5, this latest purchase brings its total Bitcoin holdings to 2,888 BTC, with an average acquisition cost of $84,240 per coin.