cyrpto adoption, Bitcoin, CEO, Japans, Metaplanet, pushed, top Mark February 5, 2025 0 Comments

Bitcoin adoption pushed Metaplanet into Japan’s top 50, CEO says

Metaplanet’s move to a Bitcoin standard in April 2024 propelled its stock into the Top 50 in Japan by the volume of negotiation, said CEO Simon Gerovich.

Japanese Metaplanet has seen its market capitalization jump 7,000% after adopting bitcoin (BTC) Standard in April 2024.

Metaplanet Managing Director Simon Gerovich, noted in a X post On February 4, the company listed in Tokyo was now classified “among the first 50 in terms of negotiation volume” among the approximately 4,000 companies listed in Japan. He also noted that “high liquidity” with which the company is currently faced represents a “sign of interest to investors and also leads to a more efficient fundraising”.

Since the adoption of Bitcoin standards last April, the volume of transaction of our actions has so far increased. It still appears in the 50 main transactions among the companies listed in Japan. High liquidity is a sign of investor interests and leads to the effectiveness of funding. pic.twitter.com/65n56vxoru

– Simon Gerovich (@gerovich) February 4, 2025

In Another post XGerovich noted that the daily trading volume of Metaplanet has increased by 4,600 times on bases from one year to the other, the monthly volume of January “exceeding $ 2 billion”.

Based on this momentum, Metaplanet plans to buy 21,000 BTC by 2026. To finance this, they issued 21 million shares to increase around $ 745 million, marking the largest capital increase in Asia for Bitcoin, Crypto.News reported earlier. After the announcements, the actions of the company increased by 5.6% in pre-commercial trade.

In 2024, Metaplanet had a big year. He reached BTC record yield of 309.82% in Q4. At the end of the year, the company had 1,761 bitcoin, worth more than 27.7 billion yen (around 178 million dollars). Like crypto.News reported Earlier, following the acceptance of the Bitcoin plan, the number of Metaplanet shareholders increased to more than 50,000.