Japanese investment firm Metaplanet (TYO:3350) acquired 555 Bitcoins at an average price of 13.8 million yen per Bitcoin, totaling 7.7 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.
This brings its total holdings to 5,555 Bitcoins, with a cumulative purchase cost of 71.8 billion yen.
Shares of Metaplanet jumped more than 11% at market close on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.