Metaplanet Shares Surge as Company Doubles Down on Bitcoin Investment

Shares of Japanese investment firm Metaplanet (3350T) experienced a significant surge, jumping 22% after the company announced an ambitious plan to raise $5.4 billion for Bitcoin purchases. The stock climbed over 12% early in the day before reaching its peak at 1,641 yen ($11.36), a 22% increase from previous trading session. This surge follows Metaplanet’s revised Bitcoin target of 210,000 BTC by the end of 2027, ten times their initial goal.