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.
Metaplanet holds 1,762 Bitcoins and is looking to increase its holdings by 467% to a total of 10,000 Bitcoins.
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The new investment came after the company secured a ¥1 billion loan to acquire more BTC.
Metaplanet Inc. is making a substantial investment in Bitcoin amidst a challenging economic environment. The company's strategic focus on Bitcoin as a reserve asset aims to protect against inflation and currency depreciation.
Metaplanet has successfully completed its Bitcoin purchase plan with an additional $1.2 million investment, significantly increasing its Bitcoin holdings. This move has positively impacted its stock price and positioned the company as a key player in Bitcoin adoption in Japan.
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, often referred to as the "MicroStrategy of Asia," has acquired an additional 20.2 Bitcoin (BTC) worth approximately 200 million yen (about $1.2 million). This is the company's fourth Bitcoin purchase in four months. With this latest purchase, Metaplanet's total Bitcoin holdings have reached 161.27 BTC, valued at over 1.6 billion yen (over $10 million).
Metaplanet's shares soared 158% after adopting a Bitcoin investment strategy, mirroring MicroStrategy, amid Japan's economic pressures and yen devaluation.