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Asia’s MicroStrategy Metaplanet Buys 107 Additional Bitcoins Just Before Uptober Rally Kickstarts

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Asia ’s MicroStrategy Metaplanet announced the purchase of 107 Bitcoins to its kitty just as the crypto market kickstarts Q4 on an optimistic note.

Investors are optimistic about a strong fourth quarter for Bitcoin , and a strong Uptober rally.

This is also the first Bitcoin purchase following the U.S. Federal Reserve's rate cut in September .

Metaplanet's stock price surged by 3.63% , adding to its 540% year-to-date gains.

Bitcoin closed September with nearly 8% gains making it one of the best September 's over the past decade .