Metaplanet Inc.’s Bitcoin Boost Fuels Japan Stock Market Surge

Japan’s stock market experienced a record-breaking surge, propelled by Metaplanet Inc., a leading Japanese investment firm, and its strategic Bitcoin purchases. The company executed a significant acquisition of 1,088 Bitcoin for $117.9 million, transforming it into a prominent Bitcoin proxy in Japan. This bold move has resulted in Metaplanet’s stock price soaring an astounding 255% year-to-date, accompanied by a record $1.51 billion trading volume on the Tokyo Stock Exchange.