Japanese investment firm Metaplanet has added another 108.78 Bitcoin (BTC) to its existing holdings, bringing its total reserves to over 639 BTC.
Metaplanet purchased an additional $6.7 million worth of Bitcoin, indicating confidence despite current geopolitical tensions and a slow start to October for BTC prices.
Metaplanet's stock price surged 7.86% following the latest BTC purchase, with total Bitcoin holdings now worth over $40 million.
Japan is seeking to attract crypto capital by easing regulations, with plans to reform existing digital asset regulations and potentially introduce a crypto exchange-traded fund (ETF).