On November 3rd, Simon Gerovich, CEO of Japanese listed company Metaplanet, recently said that the company's adoption of bitcoin strategy has caused its share price to rise by about 1,017% so far this year, making it the best performing Japanese stock in 2024.
The company, which launched its bitcoin initiative in April, has become the second-largest bitcoin corporate holder in Asia, behind Boya Interactive. According to Yahoo Finance, its share price has risen 740% in six months, climbing from $190 in April to $1,596 at Friday's close. The company currently holds 1,018.17 BTC, with an average purchase price of $61,800, a float of more than $6 million based on the current price of BTC.
Shares of Japanese listed company Metaplanet rose more than 1,000% this year, making it the best performing Japanese stock
2024-11-03 04:58:37
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