🔥 Gate Post Ambassador Exclusive Posting Reward Task Round 4 Is Live!
Not yet a Gate Post Ambassador? Apply now 👉 https://www.gate.com/questionnaire/4937
Join the Ambassador Task and post daily from June 9 to June 15, get your posts rated, and share a $300 prize pool based on your ratings!
🎁 Reward Details:
S-Level Weekly Ranking Reward
Post every day for 7 days with an overall quality score above 90 to qualify for S-Level.
2 outstanding ambassadors will each receive a $50 trading fee rebate voucher.
A/B-Level Tiered Rewards
Based on the number of posts and their quality, ambassadors will
Bitcoin-Proxy Metaplanet Stock Shoots 20%, Overtakes McDonalds Japan
Metaplanet stock pumped a solid 20% on Monday’s trading session on Tokyo Stock Exchange, as the firm overtakes McDonalds Japan, with its valuation soaring to 927 billion Japanese Yen. Today’s price surge comes as the firm announced $5.4 billion fundraise last Friday, to finance its upcoming bitcoin purchase. Amid accelerated BTC buying this year, the Bitcoin-proxy Japanese firm is willing to acquire 1% of the total BTC supply i.e. 210,000 Bitcoin by the end of 2027.
Advertisement
Advertisement
Metaplanet Stock Hits Fresh Yearly High With 20% Upside
Earlier today, the Metaplanet share price surged all the way to 1638 JPY, hitting a fresh yearly high, amid investors’ rush as the Japanese firm announced $5.4 billion fundraising for additional Bitcoin purchases.
The firm currently holds 8,888 Bitcoins in its kitty at the moment, while setting up an ambitious target of having 210,000 Bitcoins in its treasury by the end of 2027. The company intends to issue 5.55 billion new shares via floating strike price warrants, leveraging the volatility of its stock and strong market demand.
Over the past month, the Metaplanet stock has surged nearly 200%, while its year-to-date gains stand at 331%. Ever since it adopted the Bitcoin standard last year in May 2024, the stock has boosted investors’ wealth by a staggering 2000%. Company’s Bitcoin strategist Dylan LeClair explained how Japan’s Google searches for Metaplanet has shot up recently.
With the company valuations now approaching 1 trillion JPY, it has also overtaken McDonald’s Japan with today’s move, which has an 800 billion JPY valuation, as per data from Yahoo Finance.
Advertisement
Advertisement
Bitcoin-Proxy Firm Purley Cominates the Standard Market
Company CEO Simon Gerovich stated that the Metaplanet stock emerged as the most purchased stock last week through NISA accounts at SBI Securities, Japan’s largest online brokerage. The surge in demand highlights Japanese investors’ growing interest in leveraging the country’s tax-free investment scheme, NISA, to gain indirect exposure to Bitcoin without incurring capital gains tax.
During his recent CNBC interview, Gerovich highlighted absolute pure dominance on the Standard Market, stating:
Apart from the Japanese market, the Metaplanet share price (MTPLF) is also roaring on the US indices. Analysts predict MTPLF to rally 5x by the year to $50, if Bitcoin price hits $200K by the year-end.
Advertisement
✓ Share:
