Summary
- MetaPlanet reported an annual stock price increase of 4000% after transitioning to Bitcoin accumulation.
- It was stated that most investors are individuals, primarily investing through ISAs for retirement pension preparation.
- Despite difficulties in the hotel business due to the pandemic, achieving a turnaround to profit could serve as a positive signal to investors.
MetaPlanet, which has started accumulating Bitcoin (BTC) while modeling itself after Japan's MicroStrategy, has recorded an astounding growth rate over the past 12 months.
According to Bloomberg on the 10th, MetaPlanet's stock price has risen 4000% year-on-year, currently standing at 5,970 yen. This marks the largest increase among stocks listed on Japanese exchanges during the same period and ranks among the top globally.
According to Simon Zerovich, CEO of MetaPlanet, the company was originally engaged in the hotel development business. However, due to the pandemic, most hotels were closed, leading to a full transition into a Bitcoin accumulation company in 2024.
Since then, MetaPlanet's shareholders have increased to 50,000, particularly with a 500% increase in 2024.
Bloomberg reported, "Most investors are known to be individual investors, who mainly invested through Individual Savings Accounts (ISAs) specialized for retirement pension preparation." It also added, "Moreover, MetaPlanet has recorded losses for six consecutive years, but it is estimated that the fourth quarter results of last year turned into a profit."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
