Metaplanet Stock Price Shoots 14% Outperforming Bitcoin, Thanks to Michael Saylor

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As a seasoned crypto investor with a knack for spotting trends and a penchant for Japanese stocks, today’s Metaplanet surge has been nothing short of exhilarating. With my past experiences guiding me, I can confidently say that this is more than just a temporary rally – it’s a testament to the power of Bitcoin adoption.

Today, Metaplanet’s stock price experienced a surge of 14%, reaching approximately 1,600 JPY. This impressive rise follows the Japanese firm’s aggressive Bitcoin purchasing this month, mirroring MicroStrategy’s Bitcoin adoption strategy as outlined by Michael Saylor. As a result, shareholders have seen substantial benefits in recent months.

Metaplanet Outperforms Bitcoin in October Rally

In the last month, shares for Metaplanet have skyrocketed by an astounding 57%, which is more than four times greater than Bitcoin’s monthly increase of 12.48%. Interestingly, a significant portion of this growth in stock value has occurred over the past week, coinciding with the Japanese company increasing its holdings of Bitcoin to over 1,000 units.

The purchase of Bitcoin by a Japanese company has significantly increased its return on investment (ROI), with the yield soaring from approximately 41.7% in Q3 to over 155% in October. By Q3 of 2024, Metaplanet’s Bitcoin holdings have nearly tripled.

Following MicroStrategy’s Bitcoin playbook, the company successfully raised approximately 10 billion yen through the sale of Metaplanet stocks. This recent fundraising has significantly boosted the stock’s year-to-date growth, surpassing a staggering 800% increase, even outpacing MicroStrategy’s own impressive 276% gain.

In today’s surge, Metaplanet’s stock has breached significant resistance at $1530. If this upward trend persists, it could potentially extend to around 1863 JPY, and possibly reach even higher towards the 3,000 JPY mark, a level it reached in May 2024 following its initial Bitcoin purchase.

Michael Saylor’s BTC Blueprint Is Working

Shareholders of MicroStrategy (NASDAQ: MSTR) have experienced substantial gains since the company implemented its Bitcoin strategy in September 2020. The stock price for MSTR has soared by a staggering 1,580% over this period and is now trading at record highs near $250.

Over the last month, the value of MSTR stock has increased by a remarkable 53%, outperforming Bitcoin’s returns. Notably, trading activity for MicroStrategy shares has outpaced that of six prominent companies in recent days. Additionally, the newly introduced 2x leveraged MicroStrategy ETF (MSTU) has accumulated over $1 billion in assets under management within six weeks of its launch.

Mastercard (MSTR) is once again ranked fifth in daily trading volume, with five of tech titans – Meta Platforms (META), Apple (AAPL), Microsoft (MSFT), Google (GOOG), and Amazon (AMZN) – trailing behind.

— HODL15Capital (@HODL15Capital) October 29, 2024

Michael Saylor, the executive chairman of MicroStrategy, has been vigorously advocating his Bitcoin plan to large companies. Lately, he even proposed this same approach to Microsoft, suggesting they follow his lead by incorporating Bitcoin into their financial holdings and potentially increasing the value of their shareholders’ wealth by an additional trillion dollars.

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2024-10-30 11:02