Source: ambcrypto
Translated by: Blockchain Knight
BTC rebounded after the U.S. presidential election, with prices nearing $100,000, positively impacting companies related to crypto assets.
As one of the beneficiaries, Metaplanet's stock price reflects the market's bullish sentiment.
In addition to its ongoing BTC accumulation strategy, Metaplanet has taken a significant step: partnering with (Bitcoin Magazine) to jointly launch (BTC Japan Magazine).
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 made similar comments on X: "As the world's leading BTC media brand, we aim to drive the adoption, education, and innovation of BTC 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 aims to become the authoritative voice 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 1,142.287 BTC.
To advance 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-centric strategy, its stock price has soared nearly 10 times.
Thus, with BTC prices expected to rise further in the coming months, Metaplanet's stock appears well-positioned to benefit from this bullish momentum.
However, according to Google Finance, as of now, the company's stock price has slightly declined, down by 2.58%.
However, this small setback cannot overshadow the substantial gains the company has made with its crypto asset-focused strategy.
Bloomberg noted in a recent article: "Japan's hottest stock is a company with a 139-year history, which has surged 430% this year."
Thus, viewed by the public as the "Asian MicroStrategy," Metaplanet has gained fame for its aggressive BTC strategy.
A user on X made a very apt analogy: "This company will follow in the footsteps of MicroStrategy and become Japan's 'Titan' (the giant from ancient Greek mythology)."
