Japanese Firm Metaplanet to Add $659M in Bitcoin to Its Treasury, Shares Soar 90% in Response
On April 8, Metaplanet (TSE: 3350), a firm based in Japan, disclosed its strategy to bolster its treasury with 1 billion yen ($659M) in bitcoin (BTC). The decision has garnered backing from a slew of partners and investors, including Sora Ventures, UTXO Management, and Morgan Creek Capital’s Mark Yusko, among others. “This strategic pivot is not just about embracing digital assets but also about pioneering a future where finance meets innovation at its core,” Metaplanet said on X.
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