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.
MicroStrategy, BTC, ETF, Why did the MicroStrategy stock price plummet? Is this stock still worth buying? Golden Finance, the risk of investing in MicroStrategy stock is currently greater than its benefits.
Golden Finance launches the 2471st issue of "Golden Morning 8", a morning report on the cryptocurrency and blockchain industry, to provide you with the latest and fastest news on the digital currency and blockchain industry.
The AI-crypto ecosystem related to artificial intelligence took a huge hit this week, following the stock market collapse of Nvidia.
The Japanese yen exchange rate has plummeted in recent years. Since April, the listed company Metaplanet has announced several times that it has purchased large amounts of Bitcoin. These frequent actions are believed to be imitating the US company MicroStrategy.
The accumulation of XRP whales and cooling of inflation in the United States are the primary catalysts for the continued recovery in cryptocurrency prices.
The selling sentiment following the latest Bitcoin halving has been particularly favorable for undervalued XRP.
MicroStrategy’s Bitcoin holdings have surpassed $11 billion and its shares are likely to rise on increased institutional Bitcoin demand and the cryptocurrency’s halving, Benchmark said.
Following the initial report on Monday, BC Technology's Share Price fell by 22 per cent.