Metaplanet, an organization listed on the Tokyo Inventory Change and sometimes in comparison with MicroStrategy, noticed its shares enhance by 13% following its announcement of buying 20.381 Bitcoin (BTC), valued at 200 million yen (roughly $1.4 million).

Metaplanet introduced the acquisition on Monday, following a earlier buy final week of ¥200 million in Bitcoin. That is the corporate’s fourth Bitcoin acquisition in July, bringing the whole variety of Bitcoins held to nearly 246 BTC, estimated at $16.7 million.

Since April, Metaplanet has strategically elevated its Bitcoin reserves, positioning it as the primary asset in its treasury to reinforce shareholder worth. Its Bitcoin-focused technique mirrors main corporations like MicroStrategy.

In line with information from BitcoinTreasuries.internet, as of July 21, MicroStrategy holds 226,331 BTC, price $14,6 billion, whereas international public firms maintain a complete of 324,445 BTC.