Shares of Japanese-listed Metaplanet rose 51% yesterday and 2,450% this year.
Shares in Japanese-listed Metaplanet rose 51 per cent after the company, known as Japan MicroStrategy, announced a zero-interest bond offering of 4.50 billion yen ($30 million) with a maturity date of June 16 2025 to increase its bitcoin holdings.
Since adopting Bitcoin as its treasury reserve asset in May 2024, Metaplanet has bought over 1,000 BTC. Additionally, Metaplanet's share price has risen by 2,450% since January 2024.