Shares of Metaplanet surged as a broad crypto market rally lifted bitcoin-focused equities. The company’s stock rose over 10% in Japan after its U.S.-traded shares jumped nearly 20% a day earlier. The gains followed strong price action across major cryptocurrencies, including Bitcoin and Ethereum.
Metaplanet recently disclosed significant fourth-quarter bitcoin purchases, bringing its total holdings above 35,000 BTC. Investors rotated back into crypto-linked stocks as risk appetite improved amid renewed geopolitical developments and early-year portfolio repositioning.
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