Altcoins Talks - Cryptocurrency Forum

Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin News & Updates => Topic started by: sirty143 on April 13, 2024, 10:00:10 AM

Title: Japanese Firm Metaplanet to Add $6.5M in Bitcoin to Its Treasury, Shares Soar 90
Post by: sirty143 on April 13, 2024, 10:00:10 AM

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 (https://news.bitcoin.com/japanese-firm-metaplanet-to-add-659m-in-bitcoin-to-its-treasury-shares-soar-90-in-response/).

Your opinion is greatly appreciated.

Title: Re: Japanese Firm Metaplanet to Add $6.5M in Bitcoin to Its Treasury, Shares Soar 90
Post by: ABCbits on April 13, 2024, 02:43:10 PM

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.

Title: Re: Japanese Firm Metaplanet to Add $6.5M in Bitcoin to Its Treasury, Shares Soar 90
Post by: Stompix on April 18, 2024, 06:54:25 PM

Quote from: ABCbits on April 13, 2024, 02:43:10 PM

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