Japanese investment firm, Metaplanet, has acquired 497 Bitcoin for $43.9 million, causing its stock price to jump 20% to ¥4,045.
Metaplanet now holds a total of 2,888 BTC, making it the largest corporate Bitcoin holder in Asia.
Bitcoin rose 4.40% to $87,592 after the news, but remains below its 20-day moving average.
Metaplanet's aggressive accumulation strategy reflects the growing trend of corporate investment in digital assets, highlighting a shift in how businesses perceive Bitcoin's role in financial markets.