Metaplanet stock experienced a 14% increase, reaching 1,600 JPY, as a result of the company’s ongoing Bitcoin acquisition strategy, instituted by Michael Saylor.
The Metaplanet stock price experienced a significant breakout earlier today, rising by 14% to reach 1,600 JPY.
This announcement coincides with the Japanese company’s recent acquisition of Bitcoin, expediting MicroStrategy’s adoption strategy.
The company’s shareholders have experienced substantial gains in the past few months due to the implementation of Michael Saylor’s BTC blueprint.
Metaplanet Stock outperforms Bitcoin during the October rally
Metaplanet’s stock price has seen a remarkable 57% increase in the past month, surpassing Bitcoin’s monthly gains of 12.48% by over 4.
Nevertheless, most of the stock’s recent gains have occurred within the past week, as the Japanese company recently increased its Bitcoin holdings to over 1,000.
The BTC yield has experienced a substantial increase, rising from 41.7% in the third quarter to over 155% in October due to the Japanese company’s acquisition of Bitcoin. Metaplanet’s Bitcoin holdings have increased by over twofold during the third quarter of 2024.
The company recently conducted a Metaplanet stock sale, which raised 10 billion yen, following the MicroStrategy Bitcoin blueprint.
Consequently, the stock’s year-to-date gains have exceeded 800%, surpassing MicroStrategy’s 276% increase.
With today’s rally, the Metaplanet stock has achieved a significant breach above the $1530 level. If it maintains these levels, it may extend the rally to 1863 JPY and even higher, potentially reaching 3,000 JPY, the levels it reached in May 2024 following its initial Bitcoin acquisition.
Michael Saylor’s BTC Blueprint Is Effective
Since the company implemented the Bitcoin strategy in September 2020, shareholders of MicroStrategy (NASDAQ: MSTR) have experienced substantial gains. Since then, the MSTR stock price has increased by 1580% and is currently trading at approximately $250, its all-time high.
The MSTR stock has also increased by 53% in the past month, surpassing the Bitcoin returns. The trading volume of MicroStrategy shares has recently exceeded that of most of the seven magnificent firms.
Additionally, the MicroStrategy ETF (MSTU), recently introduced with a 2x leverage, has amassed over $1 billion in assets under management (AUM) in just six weeks.
Michael Saylor, the executive chairman of MicroStrategy, has been actively disseminating his Bitcoin blueprint to significant corporations. Saylor also recently proposed to Microsoft that they implement his strategy of including Bitcoin (BTC) on their balance statements, which would increase the wealth of their shareholders by an additional trillion dollars.
