The post Metaplanet’s Bitcoin Strategy Turns It Into Japan’s Fastest-Rising Stock appeared on BitcoinEthereumNews.com.

Metaplanet has become Japan’s hottest stock, surging 3,600% after pivoting to Bitcoin. With 1,762 BTC and a bold 21,000 BTC target, it’s Asia’s top BTC play. Metaplanet Inc. has become Japan’s fastest-rising stock, surging more than 3,600% over the past 12 months as the country experiences a surge in Bitcoin (BTC) demand. Best performing Japanese stocks over the last 12 months | Source: TradingView The company, originally a hotel developer, pivoted to a Bitcoin-first strategy in early 2024 after pandemic-related struggles forced it to close most of its properties. Now, its stock has outperformed every other Japanese equity, attracting waves of retail investors looking for exposure to Bitcoin. The surge comes amid a global shift in sentiment, with Bitcoin reaching an all-time high of $109,000 on Jan. 20, the day of US President Donald Trump’s inauguration. While BTC has since pulled back, trading at $97,000 as of this writing on Feb. 10, Metaplanet’s stock has continued to climb, reflecting growing interest in Bitcoin as an investment vehicle. CEO Simon Gerovich, a former Goldman Sachs equity derivatives trader, has drawn comparisons to Michael Saylor’s Strategy, formerly MicroStrategy, which has amassed over $45 billion in Bitcoin. Inspired by Saylor’s approach, Gerovich repositioned Metaplanet as Japan’s version of the American Bitcoin proxy, betting on BTC’s long-term growth. Expansion plans and the future of Metaplanet’s Bitcoin strategy Metaplanet’s transformation has led to a massive influx of investors. In 2024, its shareholder base increased by 500%, reaching nearly 50,000 investors, according to company data.  While institutional players such as Capital Group—who also hold shares in Strategy—have taken positions, most of Metaplanet’s investors are retail traders, many with limited experience in crypto markets. A key factor in this retail surge is Japan’s revamped Nippon Individual Savings Account program, which was introduced in early 2024 to encourage…

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Filed under: News - @ February 10, 2025 5:26 am