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CryptoIntelligence 2024-07-16 23:10:07

Metaplanet Buys $1.2M in Bitcoin Amid Rally, Shares Soar 25%

Bitcoin-stacking investment firm Metaplanet has made a significant move by purchasing an additional 21.88 Bitcoin, valued at over $1.2 million (200 million Japanese yen), amid a recent Bitcoin rally that has driven prices close to $65,000. In its latest purchase statement dated July 16, the Japan-based firm revealed that its total Bitcoin holdings now stand at 225.6 Bitcoin, valued at approximately $14.6 million. This recent acquisition, coupled with a 4.4% rise in Bitcoin’s price over the last 24 hours, has led to a notable surge in Metaplanet’s share prices. According to Google Finance data, the company’s shares jumped 25.8% to

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