Metaplanet, a little-known investment firm trading on the Tokyo Stock Exchange, has announced plans to adopt Bitcoin (BTC) as its “core treasury reserve asset”—a move that nearly doubled its stock price.
In a Monday tweet, the company confirmed that it had already deployed 1 billion JPY (or $6.56 million) toward the asset, representing nearly half of its total market capitalization at the time.
“This strategic pivot is not just about embracing digital assets but also about pioneering a future where finance meets innovation at its core,” the company wrote.
Following the announcement, Metaplanet’s stock jumped by 90% from 19 JPY…
