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Coin Edition 2025-02-11 06:24:00

Metaplanet’s Stock is Up 3,600% Thanks to Bitcoin

Metaplanet’s stock skyrocketed 3,600% with $36 million unrealized gains. The company plans to acquire 21,000 BTC by 2026 using mixed funding. Metaplanet is rebranding Hotel Royal Oak Gotanda into “The Bitcoin Hotel.” Metaplanet has experienced massive growth in 2024, reporting an unrealized gain of roughly $36 million (5.46 billion yen) from its Bitcoin holdings. The Tokyo-based company’s stock surged by 3,600% after shifting to a Bitcoin investment strategy. This turned Metaplanet into the best-performing stock out of 55,000 publicly listed companies, while its shareholder base expanded by 500% to hit 50,000 investors. The company now owns 1,762 BTC, worth around $172.3 million. Purchased at an average price of $77,793 per Bitcoin, its holdings have already gone up by 26.7%. Going forward, the company plans to buy 10,000 BTC by the end of 2025, with the goal of owning 21,000 BTC by the end of 2026. Source: Metaplanet Related: Is Michael Saylor’s Latest Tweet a Secret Message About Another Bitcoin Binge? To fund these acquisitions, the company will utilize a combination of debt issuance, including secured and convertible bonds, and equity… The post Metaplanet’s Stock is Up 3,600% Thanks to Bitcoin appeared first on Coin Edition .

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