Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars

June 12, 2024 Bitcoin.com

Bitcoin

Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC, amounting to a total aggregated purchase […]

US Supreme Court to review Nvidia’s appeal in crypto mining lawsuit

Tokyo-Listed Metaplanet to Buy Additional Bitcoin for Its Treasury

May 29, 2024 Bitcoin.com

Bitcoin

Metaplanet, a publicly traded corporation listed on the Tokyo Stock Exchange, announced on Tuesday that its board of directors passed a resolution to purchase an additional 250 million yen (approximately $1.6 million) worth of bitcoin. For BTC held for long-term purposes, the company explained that it will record them at cost. Meanwhile, short-term holdings will […]

US Supreme Court to review Nvidia’s appeal in crypto mining lawsuit

Metaplanet Shares Soar 158% on Bitcoin Strategy, Triggering Consecutive Trading Halts

May 23, 2024 Bitcoin.com

Bitcoin (BTC)

Trading in Metaplanet’s stock was halted for two consecutive days by the Tokyo Stock Exchange due to a significant price surge, following the company’s adoption of a bitcoin investment strategy similar to Microstrategy’s, which led to a 158% increase in its share price over the last week. The company’s stock price rally, which rose 127% […]

US Supreme Court to review Nvidia’s appeal in crypto mining lawsuit

‘Asia’s MicroStrategy’ Metaplanet smashes all other Japanese stocks

May 23, 2024 Coin Telegraph

Coin Telegraph

Trading in Metaplanet’s stock was halted for two straight days under Tokyo Stock Exchange rules as its shares rocketed over the last week.

Metaplanet, a Japan-based investment firm borrowing from MicroStrategy’s Bitcoin (BTC) playbook, has seen its shares rocket 158% over the last week — becoming the highest gainer among all Japanese stocks.

Metaplanet’s share price is currently 93 Japanese yen, rising 127% in the last two days. The surge caused the Tokyo Stock Exchange to activate a circuit breaker trading halt at least twice in the last week.

It is now close to breaching a $1 billion market cap ($940 million or 14.8 billion Japanese yen at current prices).

US Supreme Court to review Nvidia’s appeal in crypto mining lawsuit

Japanese Firm Metaplanet to Add $659M in Bitcoin to Its Treasury, Shares Soar 90% in Response

April 9, 2024 Bitcoin.com

Japanese Firm Metaplanet to Add 9M in Bitcoin to Its Treasury, Shares Soar 90% in Response

bitcoin.com

According to the latest figures, Metaplanet, a company listed on the Japanese stock exchange, witnessed its share price soar by nearly 90% in just one day. This significant jump came on the heels of the company’s announcement regarding its intention to incorporate 1 billion yen in bitcoin into its balance sheet. Metaplanet Joins Forces With […]

tokyo stock exchange