AMetaplanet Inc., a Japanese firm known for its aggressive Bitcoin Bitcoin
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Bitcoin accumulation strategy, has overtaken chipmaker Kioxia Holdings Corp. in market capitalization, hitting over ¥1 trillion ($6.9 billion) after its stock surged nearly 400% in under two months. This surge has also pushed the firm ahead of prominent Japanese companies like Screen Holdings and Tokyo Metro in terms of valuation.
The latest 26% jump came Monday after Metaplanet disclosed it purchased ¥16.9 billion in Bitcoin. The acquisition was funded by a newly issued \$210 million bond to EVO Fund, as announced on June 16. These bonds, which carry no interest, are set to mature in December, though they can be redeemed before that date.
Despite this, skepticism remains. As of June 12, short interest reached 23% of Metaplanet’s free float — the highest among medium-sized Tokyo-listed firms.#FOMCMeeting #SparkBinanceHODLerAirdrop #BombieBinanceTGE #MarketRebound $BTC