Metaplanet's Tokyo-listed stock surged nearly 90% in two days after announcing the addition of $6.56 million in bitcoin to its balance sheet in collaboration with Sora Ventures and other investors.
The incorporation of Bitcoin by Metaplanet is based on the potential benefits it offers as a hedge against inflation, tool for macroeconomic resilience, and a source for long-term capital appreciation, mimicking MicroStrategy's strategy.
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