Metaplanet Shares Surge 21% On New Bitcoin Buy, Trump Crypto Strategic Reserve Plan
Metaplanet shares surged 21% after its latest purchase of more Bitcoin coincided with US President Donald Trump’s push for a crypto strategic reserve including BTC and four other top cryptos. Metaplanet announced the purchase of an additional 156 BTC worth $13.4 million today, sending its stock soaring ¥700 to ¥4,010 as of 1:17 a.m. EST, according to Google Finance data . Donald Trump yesterday ordered the inclusion of Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) in a newly planned Crypto Strategic Reserve. Metaplanet Bought BTC For $85,890 Per Coin The recently purchased Bitcoin was bought for around $85,890 per coin. With the latest Bitcoin buy, the firm’s holdings now stand at 2,391 BTC, according to a statement released by the company today. Since April last year, when the investment firm started buying the largest crypto by market cap, Metaplanet has purchased around $196.3 million worth of Bitcoin. The average purchase price for ...