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Metaplanet Stock Surges 23%, Hits New All-Time High!

Source Tradingkey

TradingKey – Tokyo-listed Metaplanet Inc. has announced another bond issuance to purchase Bitcoin, sending its stock price soaring over 23% to a new record high.

On Monday, June 16, Metaplanet Inc.’s stock surged 23% intraday, reaching 1,859 JPY, marking yet another historic peak. Over the past month, the company’s stock has gained nearly 200%.

Metaplanet Stock Price Chart – Source: TradingView.

During today’s board meeting, Metaplanet approved the issuance of $210 million in zero-interest ordinary bonds, with proceeds allocated for Bitcoin (BTC) purchases.

According to Metaplanet CEO Simon Gerovich, the company now holds 10,000 BTC, acquired at an average price of approximately $95,000, with a total cost of $947 million.

Despite this impressive accumulation, Metaplanet’s holdings remain far below those of Bitcoin-focused firm Strategy (MSTR), which currently holds over 580,000 BTC, acquired at an average cost of $70,000 per coin.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

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