Metaplanet has raised its Bitcoin reserves to 78% of the target of 10,000 BTC by 2025. The stock surged by 57% this week and 163% over the month, currently trading at 933 JPY.
Corporations, including Metaplanet, now hold a historic 1,082,164 BTC worth 110.8 billion USD, significantly higher than in prior years. Metaplanet’s acquisition of 1,004 BTC also pushed Bitcoin’s price to an all-time high.
The stock’s aggressive trading and heavy shorting by hedge funds raise concerns. With investors increasingly focused on the company’s position, analysts anticipate further impacts on Bitcoin’s price.
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