Metaplanet Stock Rises 8% Amid Bitcoin Recovery and Buyback Plans

Japanese investment firm Metaplanet's stock rose by approximately 8% on Dec. 6, driven by a recovery in the crypto market and increased Bitcoin trading activity. The stock reached 510 yen, up from 398 yen, amid an overall rise in digital asset sentiment.

Key Highlights

Metaplanet is Asia’s largest corporate Bitcoin holder, with 35,102 BTC valued at over $3 billion.
The firm added 4,279 BTC in Q4, worth $451 million, maintaining its long-term strategy.
Investors responded positively to Bitcoin's price nearing $95,000, boosting confidence in companies with large BTC reserves.
US-traded shares of Metaplanet also showed gains, indicating offshore investor interest.
The rally extended to other treasury and mining firms, reflecting a broader return to risk assets.

Buyback Plans

Metaplanet announced plans to buy back up to 150 million yen worth of shares, drawing further investor attention.
The firm has noted an increase in treasury shares held, contributing to investor focus during the price rebound.

Crypto-related stocks in the US also advanced, with companies like Strategy and major miners recording gains. Coinbase shares increased following a positive analyst upgrade.

Bitcoin rose by about 1%, trading at $93,228.60, aiding the boost in Metaplanet's stock performance.

Investors are closely watching how fluctuations in digital asset prices affect Metaplanet's share value.