Japanese investment company Metaplanet’s shares surged over 12% during the June 9 trading session after the announcement of its $5.4 billion plan to acquire Bitcoin. Metaplanet's stock (3350T) traded at 1,505 yen ($10.42) with a peak at 1,641 yen ($11.36), marking a 22% increase at its highest point. The company aims to acquire 210,000 BTC by 2027, which would solidify its position as the second-largest public holder of Bitcoin, following its current holding of 8,888 BTC. Previously under its 21 million plan, Metaplanet had intended to hold 21,000 Bitcoin by 2026 without further purchase plans. The growing trend of corporations acquiring Bitcoin as a reserve asset influences stock prices positively, with many firms following suit; however, not all have experienced significant gains.

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