What caused Metaplanet's stock price to surge 4,800%?
Metaplanet’s stock price has risen 4,800% as the company, described as “Asia’s micro-strategy,” has been buying a lot of Bitcoin.

Metaplanet’s stock price has risen 4,800% as the company, described as “Asia’s micro-strategy,” has been buying a lot of Bitcoin.
Golden Finance launches Golden Web3.0 Daily to provide you with the latest and fastest news on games, DeFi, DAO, NFT and Metaverse industries.
The moves by Sony and Metaplanet indicate growing adoption of Crypto assets in Japan.
The Japanese investment advisor said it acquired more than 20.2 BTC.
Metaplanet's shares soared 158% after adopting a Bitcoin investment strategy, mirroring MicroStrategy, amid Japan's economic pressures and yen devaluation.
If you observe carefully, you can find that there are many crypto exchange shops scattered on the streets of Hong Kong.
Among the typical cases recently jointly issued by the Supreme People's Procuratorate and the State Administration of Foreign Exchange to punish foreign exchange-related crimes, there are two cases involving OTC business in the currency circle. Below, the author will analyze the legal risks existing in the OTC business of the currency circle based on cases.
If mainlanders go to Hong Kong to conduct exchange business between USDT and Hong Kong dollars or US dollars, will it constitute an illegal crime within the country, especially the "illegal foreign exchange purchase and sale" included in the crime of illegal business operations?
In recent days, there has been a lot of news circulating on the Internet about the illegal financial activities of buying and selling virtual currencies, making friends in the currency circle panic.
Regarding the behavior of OTC merchants making money from the price difference by buying and selling the stable currency USDT, can these currency exchanges be charged with an "illegal business crime"?