Metaplanet's Bitcoin Strategy Drives 3,600% Stock Surge
Bitcoin investment strategy has transformed Metaplanet Inc. into Japan’s fastest-rising stock, with a remarkable 3,600% surge over the past year amid rising cryptocurrency market volatility. The former hotel developer’s bold Bitcoin stock surge mirrors the success of Strategy (formerly MicroStrategy) in the U.S. market, as several companies navigate through various market challenges. Source: Yahoo Finance Also Read: ChatGPT Predicts Shiba Inu (SHIB) Price For February 15 How Metaplanet’s Bitcoin Investment Strategy Overcomes Market Volatility and Drives Stock Surge Source: CoinGape From Hotels to Bitcoin: A Strategic Pivot Source: Strategy Some major changes began in early 2024 when CEO Simon Gerovich, a former Goldman Sachs trader, directed the company toward a Bitcoin-first approach. A few strategic decisions led Metaplanet to acquire 1,762 BTC, valued at approximately $171 million, with numerous plans to reach 21,000 BTC by 2026. This Bitcoin investment strategy has...