TechFlow reported on November 3 that, according to Crypto Briefing, Simon Gerovich, CEO of Japanese-listed company Metaplanet, recently stated the firm's adoption of a Bitcoin strategy has driven its stock price up approximately 1,017% year-to-date, making it the best-performing Japanese stock in 2024.
The company launched its Bitcoin initiative in April and has since become Asia's second-largest corporate holder of Bitcoin, trailing only Boyaa Interactive. According to Yahoo Finance, its share price has surged 740% over the past six months, rising from $190 in April to close at $1,596 on Friday.
The company currently holds 1,018.17 BTC, with an average purchase price of $61,800, translating to unrealized gains exceeding $6 million based on Bitcoin's current market price.
