Source: ambcrypto
Translated by: Blockchain Knight
BTC rebounded after the U.S. presidential election, with prices nearing $100,000, which had many positive effects on companies related to Crypto assets.
Metaplanet, as one of the beneficiaries, also reflects the market's bullish sentiment in its stock price.
In addition to its ongoing BTC accumulation strategy, Metaplanet has taken an important step: partnering with (BTC Magazine) (Bitcoin Magazine) to jointly launch (BTC Japan Magazine) (Bitcoin Magazine Japan).
This initiative can be traced back to a memorandum of understanding signed in July 2024, positioning Metaplanet as a key player in promoting BTC adoption in Japan.
Metaplanet CEO Simon Gerovich made similar comments on X: "As the world's leading BTC media brand, we aim to promote 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 (BTC Japan Magazine), Metaplanet hopes to become the authoritative spokesperson for 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 push forward its accumulation efforts, Metaplanet strategically diluted its circulating shares and announced plans to issue $11.3 million in bonds.
Following this, Metaplanet's stock price experienced a significant surge. Since adopting a BTC-centered strategy, its stock price has nearly skyrocketed tenfold.
Therefore, with BTC prices expected to rise further in the coming months, Metaplanet's stock seems fully capable of benefiting from this bullish momentum.
However, according to Google Finance data, the company's stock price has slightly declined, with a drop of 2.58%.
However, this minor setback does not overshadow the substantial gains achieved by the company's crypto asset-focused strategy.
Bloomberg noted in a recent article: "The hottest stock in Japan is a company with a 139-year history, which has seen an increase of 430% this year."
Therefore, Metaplanet, which is viewed by the public as the 'Asian MicroStrategy', has gained fame due to its aggressive BTC strategy.
A user on X used a very appropriate metaphor: "This company will follow in the footsteps of MicroStrategy and become Japan's 'Titan' (the giants from ancient Greek mythology)."
