🚀 ‘Asia’s #MicroStrategy ’ Soars to the Top of Japanese Stocks
🌐 Metaplanet, a Japan-based investment firm following MicroStrategy's Bitcoin ($BTC ) strategy, has become the highest gainer among all Japanese stocks, with its shares skyrocketing 158% over the last week.
👀 The share price surged to 93 Japanese yen, prompting the Tokyo Stock Exchange to halt trading twice in the past week due to the rapid rise. Currently nearing a $1 billion market cap, Metaplanet’s shares jumped 127% in just two days.
💲 Since announcing its Bitcoin investment strategy on April 8, Metaplanet has accumulated 117.7 #BTC , now worth $7.2 million. This move has driven its stock up by 389%, aiming to hedge against Japan’s debt and weak yen.
✔️ Meanwhile, Bitcoin is up nearly 190% against the #Japanese yen over the last 12 months and hit new ATH few day ago.
