Japanese company Metaplanet's stock price rose over 10% today, soaring nearly five times since announcing its Bitcoin investment strategy

Chain Catcher news, on June 11 during the Tokyo Stock Exchange's midday session, Metaplanet's stock price rose by 10.8% to $0.59 (92 yen), before falling back to $0.57 (89 yen).

Since announcing its Bitcoin investment strategy on April 9, 2024, the company's stock price has surged nearly fivefold.

Previous news, the Japanese listed company Metaplanet has increased its holdings by $1.6 million worth of 23.35 Bitcoins, currently holding approximately 141 Bitcoins.