Metaplanet shares went from 180 yen to 3,300 yen in a matter of months.
Michael Saylor, CEO of MicroStrategy, highlighted Metaplanet’s performance.
Shares of the Japanese company Metaplanet have risen 1,730% in the last year, driven by its investment in bitcoin (BTC).
This increase Significant is due to the adoption of a treasury strategy based on the digital asset, similar to that implemented by MicroStrategy, which has accumulated more than 400,000 bitcoin on its balance sheet.
According to TradingView data, Metaplanet shares passed 180 yen in December 2023 at 3,317 yen currentlyan increase of 1,733%.
The start of this escalation in the value of Metaplanet shares It has been observed since Maywhen the company began acquiring bitcoin. To date, that company holds 1,142 bitcoin, officially making it a whale.
In August, Metaplanet shares reached 2,900 yen per share, but then experienced a drop to 1,000 yen. However, since November, with the start of bitcoin’s bullish rally, as a result of Donald Trump’s presidential election and the aggressive entry of money into bitcoin ETFs traded in the United States, Metaplanet shares began to rise steadilyreaching an average of 3,300 yen at the close of this report.
Metaplanet’s notable performance was highlighted by Michael Saylor, CEO of MicroStrategy, who on X commented: “Look at Metaplanet in the Bitcoin Standard.”
This statement underlines the importance of the bitcoin treasury strategy that Metaplanet has adopted, following the example of MicroStrategy. The strategy includes the issuance of debt bonds to finance the acquisition of bitcoina tactic used, for the first time in the ecosystem, by Saylor’s company.
In addition to Metaplanet, more than ten companies announced in November their intention to open their own strategic bitcoin reserves, inspired by the example of MicroStrategy and the possible creation of a national BTC reserve in the United States, as reported by CriptoNoticias.
The strategy of Metaplanet and other similar companies focuses on the continuous accumulation of BTC, considering that this digital asset offers a shelter against inflation and a diversification of your treasury reserves.