Japanese Stock Metaplanet Surges as Bitcoin Hits $91,000

Shares of Japanese investment firm Metaplanet experienced a dramatic rally, reaching a fresh peak of 400 yen during today’s trading session. The double-digit intraday surge, exceeding 10%, is directly attributed to Bitcoin’s powerful rebound, which saw the cryptocurrency climb to $91,000. Market participants increasingly view the company as a leveraged proxy for gaining Bitcoin exposure within Asian equity markets.

Metaplanet’s share price is almost entirely dictated by the value of the assets on its balance sheet. The firm’s current holdings include a substantial treasury of 30,823 Bitcoin, valued at approximately $2.8 billion. Consequently, the sharp appreciation in Bitcoin’s price from $80,000 to $91,000 prompted an immediate reassessment of the company’s market capitalization.

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