Japanese investors have shown a remarkable increase in interest in Metaplanet’s stock performance. Recently, the company’s shares surged significantly, reaching historic levels. This activity gained attention following Michael Saylor’s praise for the company’s Bitcoin $84,453 strategy.
Saylor’s Praise
Michael Saylor, chairman of MicroStrategy, positively commented on the rise of Metaplanet’s stock. The share price started below 1,000 yen last October and surpassed 6,650 yen, marking approximately 81% monthly and 4,000% annual returns. In a social media post, he advised his followers to keep track of the company’s developments.
“You should follow Metaplanet’s developments.” – Michael Saylor
Corporate Funding and Investment Strategy
The company succeeded in raising 4 billion yen through its sixth unsecured corporate bond issuance. This bond was launched at a zero-interest rate to support the company’s credit profile and financial stability. The funds raised will be directly used for Bitcoin purchases, thereby accelerating strategy execution without waiting to exercise stock purchase rights.
Metaplanet has established a significant position on the Japanese stock exchange, ranking among the most liquid stocks in the Nikkei index. The company’s Bitcoin strategist, Dylan LeClair, highlighted the transaction volume of 42.6 billion yen, emphasizing its impact on the Japanese financial market.
CEO Simon Gerovich criticized JPMorgan’s short position, addressing Morgan Stanley’s current short position in his remarks. Additionally, MicroStrategy continues to acquire Bitcoin, adding 7,633 Bitcoins to its portfolio for approximately $742 million, raising its total to 478,740 Bitcoins. Macro-economic concerns and upcoming U.S. inflation data influence investors’ decisions.
The strategies employed by Metaplanet and MicroStrategy continue to attract attention in the financial market, highlighting new methods in funding and investment management.