Michael Saylor Praises Bitcoin HODLer Metaplanet As Stock Shoots 40%

Highlights

Metaplanet stock has reached an all-time high of $6,650, reflecting weekly gains of 36% and monthly gains of 81%.
MicroStrategy's Michael Saylor praised the Japanese firm for its Bitcoin-focused strategy.
Metaplanet issued its sixth unsecured corporate bond, raising ¥4 billion at a 0% interest rate, to buy more Bitcoins.

Asia’s MicroStrategy, Metaplanet has seen an unprecedented surge in its stock price surging an additional 13% moving to an all-time high of JP¥ 6,650. With its weekly gains of 36% and monthly gains of 81%, Michael Saylor has gone out praising the firm for religiously implementing their Bitcoin strategy.

Michael Saylor Backs Metaplanet

Microstrategy executive Chairman Michael Saylor praised the recent Metaplanet stock movement which has witnessed a parabolic rally from under ¥1000 in October 2024, to now at more than ¥6,650. Over the last month itself, the stock price has appreciated by a staggering 81%, while its one-year returns stand at a massive 4,000%. In a message on the X platform, Saylor asked his followers to check the developments at the Japanese firm.

You should probably follow @Metaplanet_JP. pic.twitter.com/HgDZ7tt0Rr

— Michael Saylor⚡️ (@saylor) February 12, 2025

Metaplanet has stormed the Japanese stock market and the Nikkei over the past few months. The Metaplanet stock ended today’s session 13% higher and as Japan’s 19th most liquid stock, catching Michael Saylor’s eye. The firm’s Bitcoin strategist Dylan LeClair noted that the company recorded a trading volume of ¥42.6 billion (approximately $277 million), underscoring its growing influence in the Japanese financial markets.

Furthermore, company CEO Simon Gerovich has taken a dig at JPMorgan for shorting the Metaplanet stock. Following this mega rally, Gerovich wrote:

“My heartfelt condolences to Morgan Stanley for their short position in Metaplanet. However, it appears he still has a short position of over 1 million shares”.

Four Billion Yen Bitcoin Purchase Plan

Michael Saylor’s comment comes after Metaplanet announced the issuance of its sixth unsecured corporate bond, raising ¥4 billion at a 0% interest rate earlier this week. The bond, issued without collateral or guarantees, reflects the company’s strong credit profile and financial stability.

This funding allows Metaplanet to immediately acquire Bitcoin, bypassing the waiting period associated with exercising stock acquisition rights, thereby accelerating its Bitcoin Treasury strategy. In a statement, the company emphasized its commitment to leveraging capital markets to enhance its treasury and deliver greater value to shareholders. Two weeks back, Metaplanet also announced plans to purchase 21,000 Bitcoins in total by the end of 2026.

MicroStrategy Continues BTC Accumulation

Michael Saylor’s MicroStrategy has also continued with its Bitcoin purchases. Earlier on Monday, MicroStrategy announced buying 7,633 BTC for an investment value of $742 million, taking its total Bitcoin holdings to 478,740 BTC.

As of press time, the Bitcoin price is trading 2% down at $96,226 with a market cap of $1.90 trillion. The daily trading volume has surged by 8.7% to $37 billion, with the 24-hour liquidations soaring to $43 million, of which the long liquidations are alone more than $37 million.

This recent dip has sparked speculations despite the BTC accumulation trend by the institutions. However, it appears that the ongoing macroeconomic concerns and the upcoming US CPI inflation data have forced the investors to stay on the sideline.

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Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.   He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

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