Source: ambcrypto
Translated by: Blockchain Knight
BTC rebounded after the U.S. presidential election, with prices nearing $100,000, positively impacting many companies related to crypto assets.
As one of the beneficiaries, Metaplanet's stock also reflects the bullish sentiment in the market.
In addition to its ongoing BTC accumulation strategy, Metaplanet has taken an important step: partnering with Bitcoin Magazine to launch Bitcoin Magazine Japan.
This initiative can be traced back to the memorandum of understanding signed in July 2024, positioning Metaplanet as a key player in promoting BTC applications in Japan.
Metaplanet CEO Simon Gerovich commented on X: 'As the world’s leading BTC media brand, we aim to drive BTC adoption, education, and innovation through our operations in Japan, benefiting millions of individuals and organizations across the country.'
Metaplanet further emphasized this issue in a statement: 'Through Bitcoin Magazine Japan, Metaplanet hopes to become the authoritative voice of BTC in Japan.'
Currently, Metaplanet has strengthened its BTC acquisition strategy, mirroring the bold approach of MicroStrategy.
MicroStrategy recently increased its holdings by 124.11 BTC, bringing its total to approximately 1142.287 BTC.
To boost its accumulation efforts, Metaplanet has strategically diluted its outstanding shares and announced plans to issue $11.3 million in bonds.
Since then, Metaplanet's stock price has experienced a significant surge. Its stock price has increased nearly 10 times since adopting a BTC-centric strategy.
Therefore, as the BTC price is expected to further rise in the coming months, Metaplanet's stock seems fully capable of benefiting from this bullish momentum.
However, according to data from Google Finance, the company's stock price has slightly declined, down 2.58% as of now.
However, this minor setback does not overshadow the significant gains the company has achieved with its crypto asset-focused strategy.
Bloomberg pointed out in a recent article: 'The hottest stock in Japan is a company with a 139-year history, which has surged by 430% this year.'
Therefore, Metaplanet, regarded by the public as 'Asia's MicroStrategy,' has risen to prominence due to its aggressive BTC strategy.
An X user made a very apt analogy: 'This company will follow in MicroStrategy's footsteps and become Japan's 'Titan' (the giants in Greek mythology).'
