Metaplanet, a Japanese firm, has acquired $10 million worth of Bitcoin, bringing its total holdings to over $1,000 BTC.
Metaplanet CEO states the company will continue purchasing Bitcoin in the future.
The company's stock prices have surged, with a 15% increase in the past month and a 600% increase on a year-to-date basis.
Metaplanet is positioning itself as a pioneer in the adoption of digital assets in Japan, and currently holds the second-largest Bitcoin stash among publicly-traded Asian firms.