Metaplanet shares jumped 10.7% by midday Tuesday in Japan, tracking a broader bitcoin-led market rally and gains in U.S.-listed bitcoin-related stocks.
Metaplanet’s move
The move followed a 19.17% jump in the company’s U.S.-traded shares on OTC Markets, which closed at $3.12 on Monday.
Metaplanet disclosed last week that it bought 4,279 BTC in the fourth quarter, bringing total holdings to 35,102 BTC.
For Metaplanet’s current and historical holdings, see the Metaplanet bitcoin treasury tracker.
Bitcoin price action
Bitcoin was up 1.37% over the past 24 hours at $93,835 at the time of writing, after briefly climbing above $94,000 on Monday.
Other treasury firms and ETFs
Shares of several other major bitcoin treasury firms also rose.
Strategy (MSTR) climbed 4.81% to $164.72 on Monday, while Mara Holdings jumped 6.86%.
U.S. bitcoin-related stocks and miners
Coinbase rose 7.77% to $254.92 at the close, after Goldman Sachs upgraded the stock to “Buy” from “Neutral.”
Mining-related names also posted gains, including American Bitcoin Corp (+13.48% to $2.02), Hut 8 (+13.6% to $58.25), and Canaan (+8.7%).
