2024-11-02
Metaplanet's stock has seen an
incredible surge of 740 percent in one year after adopting a Bitcoin purchasing and
holding strategy.
Metaplanet began buying Bitcoin with an initial purchase of 117.7 BTC in April. The company now holds over 1,000 BTC, purchased at an average price of $61,800. Bitcoin is currently trading at $69,600.
Simon Gerovich on X: "日本で最も上昇した上位20銘柄 Top 20 Best Performing Stocks in Japan.
The company has become one of Japan's
best-performing stocks.
This strategy mirrors that of
MicroStrategy, and it has positioned Metaplanet as one of Asia's largest
corporate Bitcoin holders. The company's stock price jumped from 190 JPY on
November 2, 2023 to 1,596 JPY on November 1, 2024. This is a surge of 740 percent in
one year.
Simon Gerovich is the CEO of
Metaplanet, a Japanese investment firm that has made headlines for its
aggressive Bitcoin strategy1. Under his leadership, Metaplanet has become one
of Asia's largest corporate holders of Bitcoin, with over 1,000 BTC in its treasury.
Gerovich has been vocal about his
belief in Bitcoin as a strategic reserve asset, and he has committed to
continuing the company's Bitcoin accumulation efforts1.
Bitcoin adoption can transform a
company's fortunes as in the case of MicroStrategy and MetaPlanet.
