From operating hotels to hoarding Bitcoin, Japan's Metaplanet's stock price rose 4,000% in one year

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Cointime2025/02/10 05:22

By:Cointime

the agenda of US President Trump's support for cryptocurrency has caused a chain reaction, and the demand for Bitcoin in the Japanese market has surged. A hotel management company has switched to reserving Bitcoin, bringing astonishing returns to shareholders. Data shows that the stock price of Metaplanet Inc. has risen by over 4000% in the past 12 months, making it the stock with the largest increase in the Japanese stock market during the same period and one of the stocks with the highest increase globally. Bitcoin had previously reached a historic high, although it has since fallen due to global uncertainty caused by Trump's trade policy. Metaplanet is one of many companies that have successfully imitated MicroStrategy (MSTR.O) in the world. After accumulating more than $45 billion in Bitcoin, MicroStrategy in the US has become a leveraged Bitcoin agent and giant. (Jin10)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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James Howells, a resident of Newport, South Wales, plans to buy the landfill where he believes his lost £620 million ($768 million) bitcoin fortune is still buried, despite a UK judge dismissing his case last month.Eric Council Jr. pleaded guilty to conspiracy to commit aggravated identity theft and access device fraud related to the hack of the Security and Exchange Commission’s social media account in January 2024.

The Block•2025/02/10 19:00