Metaplanet Stock Price Shoots 14% Outperforming Bitcoin, Thanks to Michael Saylor

Quick Summary:

This comes as the Japanese firm has been on a Bitcoin buying spree this month as it accelerated the Bitcoin adoption strategy of MicroStrategy.

Earlier today, the Metaplanet stock price shot up by 14% moving all the way to 1,600 JPY levels in a massive breakout.

Furthermore, the newly launched 2x leveraged MicroStrategy ETF (MSTU) has clocked more than $1 billion in AUM within just six weeks of launch.$MSTR on the volume leaderboard again at #5 Ahead of 5 of the Magnificent 7: $META $AAPL $MSFT $GOOG $AMZN pic.twitter.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaJapan

Topics: Bitcoin (BTC) Price Michael Saylor Microstrategy Metaplanet share price Metaplanet Bitcoin 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 07:54:54 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23336260

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