Metaplanet Shares Surge as Bitcoin Strategy Pays Off

Metaplanet’s stock is experiencing a substantial rally following the company’s decision to double its annual forecast. This upward revision stems directly from the explosive growth of its Bitcoin-related operations, which are propelling financial results to unprecedented levels.

The company’s focused Bitcoin strategy is gaining significant momentum. Metaplanet recently disclosed the acquisition of an additional 5,268 BTC, purchased for approximately $615.67 million. This strategic move brings the firm’s total Bitcoin holdings to 30,823 BTC, with a current valuation hovering around $3.6 billion. The company has now surpassed 85% of its stated accumulation target of 30,000 BTC, which it aimed to achieve by 2025.

Market participants are closely monitoring the outcomes of Metaplanet’s Bitcoin revenue strategy, with key results anticipated on October 1st. CEO... Read more...