Metaplanet’s Kadam for Bitcoin standard in April 2024 inspired his stock in the top 50 of Japan by trading volume, CEO Simon Gerovich.
Japanese firm Metaplanet made a jump of 7,000% to his market cap after adopting the Bitcoin (BTC) standard in April 2024.
Metaplanet’s Chief Executive Simon Gerovich noted in one X post On February 4 that the Tokyo-list firm has now been ranked out of the top 50 in terms of trading volume in about 4,000 listed companies in Japan. He also said that the “high liquidity” company is currently facing “investors represents the indication of interest and leads to more efficient funds.”
In Another x postGerovich said that Metaplanet’s daily trading volume is now 4,600 times up year-on-year bases, the monthly volume of January “is more than $ 2 billion.”
Construction at this pace, Metaplanet plans to buy 21,000 BTCs by 2026. To fund it, they are issuing 21 million shares, which marks Asia’s largest equity capital rise for bitcoin, to raise $ 745 million, Crypto. Following the announcements, the company’s shares increased by 5.6% in pre-market trading.
In 2024, Metaplanet had a large year. It hit a record of 309.82% in Q4 BTC yield. By the end of the year, the firm had 1,761 bitcoins, priced at more than 27.7 billion (about 178 million dollars). As Crypto.NUS stated earlier, after the acceptance of the bitcoin scheme, after the acceptance of the bitcoin scheme, the number of shareholders of Metaplanetat’s shareholders from 50,000 from 50,000 Got more.
