Metaplanet began as Red Planet Japan, a budget hotel operator, before pivoting to become a Web3 developer.
Metaplanet's stock rose 90% after adding $6.56 million in bitcoin to its balance sheet in partnership with Sora Ventures and other crypto investors.
Metaplanet , a Web3 infrastructure provider, saw its Tokyo-listed stock rise almost 90% in two days after saying it was adding $6.56 million in bitcoinThe company, which started as a budget hotel operator under the name Red Planet before becoming a Web3 software developer, said it is looking to minimize its exposure to the Japanese yen.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Metaplanet Purchases $6.5 Million Worth of Bitcoin for Corporate TreasuryMetaplanet, a publicly traded investment and consulting company, has bought 1 billion JPY ($6.5 million USD) worth of Bitcoin for its corporate treasury, following the trend set by Michael Saylor.
Read more »
Reddit shares soar in NYSE debutThe company and its investors raised $748M from the deal
Read more »
Reddit shares soar on first day of trading as social media platform's IPO arrivesReddit plans to sell more than 15 million shares of the newly public company while also setting aside stock for faithful users and moderators.
Read more »
Shohei Ohtani shares first photo of him and his wife, Japanese basketball star Mamiko TanakaThe Dodgers and Shohei Ohtani posted photos on social media that showed the two-way Japanese superstar with his wife - Japanese basketball player Mamiko Tanaka - publicly for the first time.
Read more »
This XRP Historic Trend Shows Optimism, Is 20% Surge Possible?XRP might print dramatic recovery, here's how high it could soar
Read more »
The basement of a Seattle hotel holds a secret history of Japanese AmericansThe Panama Hotel's basement is home to items left by Japanese Americans who were imprisoned following the bombing of Pearl Harbor.
Read more »