- Donald Trump’s pro-crypto agenda is positively impacting Bitcoin’s demand worldwide.
- Metaplanet’s stock is up more than 4,000% in the past 12 months.
- The company’s shareholders increased by about 50,000 in 2024.
Donald Trump’s pro-crypto push is driving a surge in Bitcoin demand across the globe. According to a Bloomberg report, this push has ignited a spike in Bitcoin demand in Japan, propelling Metaplanet—a leading Japanese firm in Bitcoin adoption—to soar over 4,000% in the last year.
Thanks to these impressive returns, Metaplanet emerged as the top-performing stock among Japanese equities during this period. Its shares climbed alongside Bitcoin’s price, which peaked at a record $109,356 on January 20, data from TradingView shows. However, Bitcoin pulled back after Trump’s latest trade measures stirred global uncertainty.
Related: Justin Sun Adds $15M to WLFI Investment Hours Into Donald Trump’s Inauguration
It is crucial to note that Metaplanet’s investment strategy resembles that of Michael Saylor’s Strategy (formerly MicroStrategy), which prioritizes Bitcoin adoption; accumulating the cryptocurrency in large quantities. Metaplanet’s CEO Simon Gerovich acknowledged hearing about Saylor’s Strategy on a podcast and decided to adopt a similar approach, adding Bitcoin investment to Metaplanet’s hotel-focused business.
In early 2024, following a pandemic-induced slump in its hotel segment, Metaplanet pivoted to prioritize Bitcoin investments. This strategic shift expanded its shareholder base by nearly 50,000—a staggering 500% increase.
Related: MicroStrategy Rebrands as “Strategy₿,” Doubles Down on Bitcoin
Most of Metaplanet’s shareholders are retail investors, who might lack deep knowledge of cryptocurrency volatility. Still, Capital Group—a corporate investor aligned with similar strategies—stands out as one of its rare institutional backers.
Gerovich also pointed out the impact of President Trump’s pro-crypto stance in China. He noted that the buzz around a more Bitcoin-friendly US regulatory framework has propelled demand for the cryptocurrency in Japan.
Bitcoin traded for $97,801 at the time of writing, with most analysts predicting higher targets for the cryptocurrency by the time Trump’s crypto policies swing into full operational mode.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
