Affected by the BTC Holding News, Metaplanet's stock price increased by 20.93%.

BlockBeats News, March 5th, according to market data, influenced by the news of increasing BTC holdings, Metaplanet's stock price has surged by 20.93% in the past 24 hours, now trading at 4045 Japanese Yen.

BlockBeats previously reported that the Japanese listed company Metaplanet once again increased its holdings by 497 BTC today, bringing its total holding to 2888 BTC at an average price of $84,325 per BTC.

BlockBeats Note: Metaplanet's CEO previously served as the head of Goldman Sachs' equity derivatives division. Since 2013, he has operated Metaplanet as a hotel developer (formerly Red Planet Japan Inc.). However, the pandemic led to an economic slowdown, forcing the company to close most of its hotels, leaving only one in operation. When the company's market cap dropped to around $15 million, UTXO Management invested, leading the company to adopt a Bitcoin strategy. Since then, Metaplanet's shareholder count has grown to nearly 50,000 and its market cap has soared to $2 billion, becoming the best-performing stock among companies valued at over $250 million globally in 2024.