According to BlockBeats, Japanese publicly traded company Metaplanet has seen a significant increase in its stock price this year, driven by its Bitcoin investment strategy. CEO Simon Gerovich recently announced that the company’s stock has surged approximately 1,017% year-to-date, making it the best-performing stock in Japan for 2024.Metaplanet initiated its Bitcoin plan in April and has since become the second-largest Bitcoin holder among Asian companies, following Boyaa Interactive. Data from Yahoo Finance indicates that the company’s stock price has risen by 740% over the past six months, climbing from $190 in April to $1,596 at the close of trading on Friday.Currently, Metaplanet holds 1,018.17 BTC, with an average purchase price of $61,800 per Bitcoin. Based on the current Bitcoin price, the company has an unrealized profit exceeding $6 million.

By Binance News