Metaplanet Shares Surge as Bitcoin Strategy Drives Record Forecasts

Metaplanet concluded the trading week with a powerful rally, propelled by a substantial upward revision of its annual forecast and confirmation of additional Bitcoin acquisitions. The company’s shares finished Friday’s session at 622 Yen, marking a significant single-day advance of 7.43%.

The company’s aggressive accumulation strategy has fundamentally reshaped its core business. Evolving from a traditional hotel operator, Metaplanet has solidified its position as the world’s fourth-largest publicly traded corporate holder of Bitcoin. This transformation was underscored by its recent confirmation of purchasing an additional 5,268 Bitcoin for approximately $623 million. This acquisition brings its total holdings to 30,823 BTC, allowing the firm to substantially exceed its annual target of 30,000 Bitcoin ahead of schedule.

Revised Financial Outlook Exceeds... Read more...