Metaplanet, a firm based in Japan, spectacularly increased their market cap by 7,000% when they adopted the Bitcoin Standard in April 2024. Gerovich reported on February 4th that the Tokyo listed firm is now the 50th most valuable in terms of trading volume out of 4,000 firms in Japan.
Gerovich emphasized that the company’s high liquidity is not just indicative of increased investor interest, but also leads to more efficient fundraising.
Moreover, Metaplanet’s daily trading volume astonishingly grew 4,600% year-over-year with January’s monthly volume exceeding $2 billion. In order to take advantage of this momentum
The firm intends to purchase 21,000 BTC by 2026, funding the purchase through an issuance of 21 million shares to raise $745 million, which would make this the largest capital raise for Bitcoin in Asia.
Following those announcements, shares of Metaplanet surged 5.6% in pre market trading. The firm yielded an astonishing 309.82% BTC in 2024, finishing the year with 1761 BTC, worth over 27.7 billion yen ($178 million). They also reported that after adopting the Bitcoin strategy, the number of shareholders nearly doubled to over 50,000.
