Japan’s Metaplanet Stock Skyrockets 158% After Adopting Bitcoin Strategy

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Metaplanet, a firm in Japan known as “Japan’s MicroStrategy” on Crypto Twitter, has seen its shares surge 158% over the last week.

Metaplanet share price is at 93 Japanese yen, up from 41 at Monday’s close, rising 127%. The stock is currently about to hit the $1 billion market cap. Metaplanet has been halted at a max daily gain of +¥30 , and for the second day in a row, is the best performing stock in Japan. 🇯🇵The strategy, previously employed several times by MicroStrategy, enables the company to generate funds through new share sales. The capital raised will be used to purchase additional Bitcoin, effectively transforming Metaplanet into a de facto Bitcoin ETF for Japanese investors, but without any associated fees.

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