Japanese investors have shown significant interest in Metaplanet’s stocks, which have recently reached historic levels. This comes in light of positive remarks from Michael Saylor regarding the company's Bitcoin strategy.
Saylor’s Praise
Michael Saylor, chairman of MicroStrategy, commented positively on the rise of Metaplanet’s stock. The share price rose from below 1,000 yen last October to surpass 6,650 yen, marking approximately 81% monthly and 4,000% annual returns. He advised his social media followers to watch the company’s developments closely.
Corporate Funding and Investment Strategy
The company raised 4 billion yen through its sixth unsecured corporate bond issuance at a zero-interest rate. The funds are intended for Bitcoin purchases, expediting strategy execution without awaiting stock purchase rights. Metaplanet became one of the most liquid stocks on the Nikkei index, highlighted by the company’s Bitcoin strategist, Dylan LeClair.
Impact on the Financial Market
CEO Simon Gerovich commented on JPMorgan and Morgan Stanley’s short positions. Meanwhile, MicroStrategy continues its Bitcoin acquisition, adding 7,633 Bitcoins to its holdings, bringing its total to 478,740 Bitcoins. Macro-economic factors and upcoming U.S. inflation data influence investors’ decisions. Strategies employed by Metaplanet and MicroStrategy attract attention in the financial market, showcasing new methods in funding and investment management.
Interest from Japanese investors in Metaplanet’s stocks continues to grow. Overall, the company’s strategies to emphasize its Bitcoin policy positively impact stock dynamics and remain a focus for financial market participants.
