Metaplanet, a Tokyo-based firm, has seen its stock price surge by 8% after it announced that its Bitcoin holdings have surpassed 1,000 BTC, reaching a total value of approximately $69 million. The company's latest acquisition included over 156 BTC for $10 million, contributing to a total of 1,108 BTC on its balance sheet. This acquisition is part of an ongoing strategy to bolster its Bitcoin assets, as Metaplanet has been actively purchasing throughout October. The firm is being compared to MicroStrategy, which is recognized for its significant Bitcoin holdings. Although Metaplanet's 1,108 BTC still trails MicroStrategy's 252,000 BTC, it is positioning itself as a leading corporate holder of Bitcoin in Asia. This financial milestone coincided with a slight uptick in Bitcoin's own market price, reflecting a bullish sentiment in Bitcoin investments, especially among corporate participants.

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