Metaplanet Stock Surges to Record High Amid Bitcoin Strategy
- Metaplanet’s stock price reached an all-time high of JP¥ 6,650, marking a 13% increase.
- The stock achieved weekly gains of 36% and monthly gains of 81%.
- Michael Saylor praised Metaplanet for its Bitcoin strategy, highlighting a one-year return of 4,000%.
- Metaplanet issued a ¥4 billion unsecured bond at a 0% interest rate for Bitcoin purchases.
- The company plans to acquire 21,000 Bitcoins by the end of 2026.
Metaplanet has experienced significant growth in its stock value, with Michael Saylor commending their strategic focus on Bitcoin. The firm issued a ¥4 billion bond to fund further Bitcoin acquisitions as part of its treasury strategy.
Source (2.6)https://coingape.com/michael-saylor-praises-bitcoin-hodler-metaplanet-as-stock-shoots-40/?rand=24432