BTC Holdings Boost Metaplanet Stock by 20.93%: A Remarkable Rise Fueled by Strategic Investment

According to recent market data, the surge in **BTC holdings** has propelled Metaplanet’s stock price by an impressive **20.93%**, reaching **4045 Japanese Yen** within 24 hours. This increase comes on the heels of Metaplanet’s strategic acquisition of an additional **497 BTC**, elevating its total holdings to **2888 BTC** at an average purchase price of **$84,325** per Bitcoin. Notably, the company’s CEO, who held a significant role in Goldman Sachs’ **equity derivatives** sector, has pivoted Metaplanet’s focus following the pandemic-induced challenges that led to widespread closures in its hotel chain. Previously known as Red Planet Japan Inc., the company experienced a downturn, where its market capitalization plummeted to approximately **$15 million**. Nevertheless, investment from UTXO Management catalyzed a **Bitcoin-focused strategy**, leading to a remarkable resurgence in its market cap, now valued at **$2 billion** and earning the title of best-performing stock among firms exceeding **$250 million** in valuation globally in 2024.