Metaplanet's stock surged 14.58% to close at 605 JPY on the Tokyo Stock Exchange, driven by Japan's Prime Minister Sanae Takaichi's election victory, which boosted investor confidence in the cryptocurrency sector. The political outcome is seen as a positive signal for Bitcoin, aligning with Metaplanet's strategy of accumulating BTC as a core asset.
The company, similar to MicroStrategy, employs a Bitcoin treasury strategy, issuing shares and bonds to acquire BTC. Their partnership with SBI Holdings enhances their credibility and supports Bitcoin transactions and management. This strategic focus on Bitcoin, without diversifying into other cryptocurrencies, underscores Metaplanet's commitment to BTC as a key reserve asset.
Metaplanet Stock Jumps 14.58% Following Japan's Election
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