Japanese firm Metaplanet saw a massive increase in its market cap after adopting the Bitcoin Standard in April 2024. The move propelled the company's stock into Japan's top 50 by trading volume. Metaplanet's CEO, Simon Gerovich, noted that the high liquidity and investor interest in the company's stock have resulted in more efficient fundraising. The company plans to buy 21,000 BTC by 2026 and is raising $745 million through the issuance of 21 million shares, marking Asia's largest equity capital raise for Bitcoin. Metaplanet also achieved a record BTC Yield of 309.82% in Q4 2024 and saw a significant increase in the number of shareholders after adopting the Bitcoin plan.
Content Editor ( crypto.news )
- 2025-02-05
Bitcoin adoption pushed Metaplanet into Japan’s top 50, CEO says
