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Bitcoin Proxy Metaplanet Stock Shoots 18% As Japan Debt Crisis Worsens

Metaplanet stock price has once again hit a fresh upper limit, surging 18.38% on Monday, while closing at 966 JPY on the Tokyo Stock Exchange. This comes as Japan’s debt crisis worsens, with the 30-year government bond yields shooting by a massive 100 basis points, to a record 3.20%, in the last 45 days. Thus, the Bitcoin holding firm has proved to be investors’ safest bet in this macro uncertainty. Metaplanet Stock Set to Break New Records With a staggering 180% rally over the past month, the Metaplanet stock has caught investors’ attention, amid strong Bitcoin acquisition. This is a replica of how the Strategy (MSTR) bets have played out in the past as a Bitcoin proxy. The Japanese firm’s stock has witnessed a massive liquidity surge over the past week, and trades for 20+ hours every day across different markets like Japan, Germany, and the United States. Source: Simon… Read More at Coingape.com

The post Bitcoin Proxy Metaplanet Stock Shoots 18% As Japan Debt Crisis Worsens appeared first on CoinGape.

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