Switching from running a hotel to hoarding bitcoin, Japan's Metaplanet shares rose 4,000% in a year.
2025-02-10 04:19:51
United States President Trump support crypto currency agenda causedesk3cryptocurrencydesktopCrypto News
U.S. President Donald Trump's pro-cryptocurrency agenda has set off a ripple effect, with demand for bitcoin surging in the Japanese market and a hotelier switching to stockpiling it, delivering eye-popping returns for shareholders. Shares of Metaplanet Inc. have rallied more than 4,000 percent in the past 12 months, the biggest gain in the Japanese stock market over the same period and one of the highest gains in the world, according to data. Bitcoin hit a record high, although it has pulled back due to global uncertainty over Trump's trade policies. Metaplanet is one of many companies around the world that have succeeded in imitating MicroStrategy (MSTR. O), which has turned into a leveraged bitcoin broker and behemoth after amassing more than $45 billion in bitcoin. ( Gold Ten)
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