Metaplanet stock soars as Japanese company adopts Bitcoin (BTC) purchasing policy

This strategy is also similar to that of MicroStrategy, a Tysons Corner, Virginia-based software developer that has said it will begin increasing its Bitcoin holdings in 2020. Since then, stock prices have often mirrored Bitcoin price movements, reflecting investor sentiment about the cryptocurrency market. According to bitcointreasuries.net, it is currently the largest corporate owner of Bitcoin, holding more than 214,000 bitcoins worth more than $15 billion.