Home Bitcoin News Michael Saylor Commends Metaplanet as Its Stock Surges 40% Amid Bitcoin Strategy

Michael Saylor Commends Metaplanet as Its Stock Surges 40% Amid Bitcoin Strategy

539
0

Michael Saylor Applauds Metaplanet as Stock Surges 40% Amid Bitcoin Strategy

Key Highlights

  • Metaplanet stock reached an all-time high of JP¥ 6,650, marking a 36% weekly gain and an 81% increase this month.
  • MicroStrategy’s Michael Saylor praised the Japanese firm for its aggressive Bitcoin investment approach.
  • Metaplanet issued a ¥4 billion unsecured corporate bond at 0% interest to fund additional Bitcoin purchases.

Metaplanet’s Stock Skyrockets, Saylor Weighs In

Japanese firm Metaplanet, often referred to as “Asia’s MicroStrategy,” has seen a remarkable stock rally, surging 13% in a single session to reach an all-time high of JP¥ 6,650. Over the last month alone, the company’s stock price has jumped 81%, while its one-year returns stand at a staggering 4,000%.

Amid this surge, MicroStrategy Chairman Michael Saylor took to social media, urging followers to monitor Metaplanet’s progress, reinforcing his support for the firm’s Bitcoin-centric financial strategy.

Metaplanet Gains Momentum in the Japanese Market

Metaplanet’s influence in Japan’s financial sector continues to grow. The company has dominated trading on the Nikkei, becoming Japan’s 19th most liquid stock. According to Bitcoin strategist Dylan LeClair, Metaplanet recorded a trading volume of ¥42.6 billion ($277 million), underscoring its increasing prominence in the market.

Meanwhile, Metaplanet CEO Simon Gerovich took a swipe at JPMorgan and Morgan Stanley for their short positions in the company’s stock. In a pointed statement following the stock rally, Gerovich remarked:

“My heartfelt condolences to Morgan Stanley for their short position in Metaplanet. However, it appears they still hold over 1 million shares short.”

Metaplanet Expands Bitcoin Holdings with ¥4 Billion Bond Issuance

Saylor’s praise for Metaplanet follows its recent decision to issue a ¥4 billion unsecured corporate bond at a 0% interest rate, aimed at expanding its Bitcoin treasury. The company emphasized that this move allows it to acquire Bitcoin immediately, bypassing traditional waiting periods associated with stock acquisitions.

Metaplanet has made it clear that it plans to acquire 21,000 BTC by the end of 2026, reinforcing its commitment to a Bitcoin-driven financial strategy.

MicroStrategy Continues Aggressive Bitcoin Accumulation

Michael Saylor’s MicroStrategy has also continued its Bitcoin acquisition spree. Earlier this week, the firm purchased 7,633 BTC for $742 million, increasing its total Bitcoin holdings to 478,740 BTC.

Meanwhile, Bitcoin’s price has dipped 2% to $96,226, despite increasing institutional interest. Daily trading volume has surged 8.7% to $37 billion, with $43 million in liquidations over the past 24 hours—$37 million from long positions alone.

Analysts suggest that macroeconomic concerns and upcoming U.S. CPI inflation data may be keeping investors cautious. However, institutions like Metaplanet and MicroStrategy continue to solidify Bitcoin’s role as a long-term asset, driving its adoption on a corporate level.