Asia’s MicroStrategy, Metaplanet has seen an unprecedented surge in its stock price surging an additional 13% moving to an all-time high of JP¥ 6,650. With its weekly gains of 36% and monthly gains of 81%, Michael Saylor has gone out praising the firm for religiously implementing their Bitcoin strategy. Michael Saylor Backs Metaplanet Microstrategy executive Chairman Michael Saylor praised the recent Metaplanet stock movement which has witnessed a parabolic rally from under ¥1000 in October 2024, to now at more than ¥6,650. Over the last month itself, the stock price has appreciated by a staggering 81%, while its one-year returns stand at a massive 4,000%. In a message on the X platform, Michael Saylor asked his followers to check the developments at the Japanese firm. You should probably follow @Metaplanet_JP . pic.twitter.com/HgDZ7tt0Rr — Michael Saylor (@saylor) February 12, 2025 Metaplanet has stormed the Japanese stock market and the Nikkei over the past few months. The Metaplanet stock ended today’s session 13% higher and as Japan’s 19th most liquid stock, catching Michael Saylor’s eye. The firm’s Bitcoin strategist Dylan LeClair noted that the company recorded a trading volume of ¥42.6 billion (approximately $277 million), underscoring its growing influence in the Japanese financial markets. Source: Dyland LeClair Furthermore, company CEO Simon Gerovich has taken a dig at JPMorgan for shorting the Metaplanet stock. Following this mega rally, Gerovich wrote : “My heartfelt condolences to Morgan Stanley for their short position in Metaplanet. However, it appears he still has a short position of over 1 million shares”. Four Billion Yen Bitcoin Purchase Plan Michael Saylor’s comment comes after Metaplanet announced the issuance of its sixth unsecured corporate bond, raising ¥4 billion at a 0% interest rate earlier this week. The bond, issued without collateral or guarantees, reflects the company’s strong credit profile and financial stability. This funding allows Metaplanet to immediately acquire Bitcoin, bypassing the waiting period associated with exercising stock acquisition rights, thereby accelerating its Bitcoin Treasury strategy. In a statement, the company emphasized its commitment to leveraging capital markets to enhance its treasury and deliver greater value to shareholders. Two weeks back, Metaplanet also announced plans to purchase 21,000 Bitcoins in total by the end of 2026. Michael Saylor’s MicroStrategy Continues BTC Accumulation Michael Saylor’s MicroStrategy has also continued with its Bitcoin purchases. Earlier on Monday, MicroStrategy announced buying 7,633 BTC for an investment value of $742 million, taking its total Bitcoin holdings to 478,740 BTC. As of press time, the Bitcoin price is trading 2% down at $96,226 with a market cap of $1.90 trillion. The daily trading volume has surged by 8.7% to $37 billion, with the 24-hour liquidations soaring to $43 million, of which the long liquidations are alone more than $37 million. This recent dip has sparked speculations despite the BTC accumulation trend by the institutions. However, it appears that the ongoing macroeconomic concerns and the upcoming US CPI inflation data have forced the investors to stay on the sideline. The post Michael Saylor Praises Bitcoin HODLer Metaplanet As Stock Shoots 40% appeared first on CoinGape .
