Japanese Firm Metaplanet to Add $6.5M in Bitcoin to Its Treasury, Shares Soar 90

[sirty143]

Japanese Firm Metaplanet to Add $6.5M in Bitcoin to Its Treasury, Shares Soar 90% in Response

According to the latest figures, Metaplanet, a company listed on the Japanese stock exchange, witnessed its share price soar by nearly 90% in just one day. This significant jump came on the heels of the company’s announcement... See more for yourself here.

Your opinion is greatly appreciated.

[ABCbits]

I find it's hard to believe 90% increase only occurred due to plan investing on Bitcoin. After all, it doesn't happen to other public company who do same thing. I expect there are other factor which isn't known by the news reporter.

[Stompix]

I find it's hard to believe 90% increase only occurred due to plan investing on Bitcoin. After all, it doesn't happen to other public company who do same thing. I expect there are other factor which isn't known by the news reporter.

Nope, hype!

It's a company that ended with 261 million in revenue and -683 total income.
Also their shares are still with this surge down 50% yoy!
https://www.investing.com/equities/red-planet-japan-inc
There is nothing behind this other than the announcement