PANews reported on October 25 that according to Cryptoslate, Metaplanet, a Japanese listed investment company, announced in its latest statement that its ongoing Bitcoin purchases have brought positive returns to shareholders, with a return of 116% this month. This return is a significant increase compared to the 41.7% return recorded by Metaplanet's Bitcoin holdings from July 1 to September 30.
The company attributed the surge to a significant rise in its Bitcoin holdings, which more than doubled compared to the previous quarter. In October alone, Metaplanet acquired more than 450 Bitcoins, bringing its total holdings to 855.5 Bitcoins, worth more than $56.1 million. Metaplanet said it will follow this pattern and provide regular updates on Bitcoin yields when purchasing Bitcoin in the future.
