Since Metaplanet launched its Bitcoin investment strategy, the stock price has increased by 480%, and it has increased its Bitcoin holdings four times this month

ChainCatcher news, according to Cointelegraph, Japanese listed company Metaplanet has doubled its Bitcoin holdings this month, making four purchases totaling over 450 Bitcoins. Today, Metaplanet announced the purchase of approximately 107 more Bitcoins, worth about $6.7 million, and the company's stock price rose by 15.7%. The recent increase has brought Metaplanet's total BTC holdings to 855.5 Bitcoins.

Since announcing its Bitcoin investment strategy in early April, Metaplanet's stock price has risen by 480%. Metaplanet's CEO Simon Gerovich stated that the company's Bitcoin investment strategy was inspired by MicroStrategy and its executive chairman Michael Saylor, whose company currently holds over 252,000 Bitcoins, valued at $16.45 billion. According to data from Bitcoin Treasuries, Metaplanet's Bitcoin holdings rank 23rd among listed companies.