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Bitcoin-Proxy Metaplanet Stock Shoots 20%, Overtakes McDonalds Japan

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On Monday , Metaplanet shares jumped 20% following a $5.4 billion fundraising initiative to purchase Bitcoin .

Firm now holds 8,888 Bitcoins in its treasury and has surpassed McDonald’s Japan in market valuation.

Firm intends to issue 5.55 billion new shares via floating strike price warrants, leveraging the volatility of its stock and strong market demand.

Over the past month , the Metaplanet stock has surged nearly 200% , while its year-to-date gains stand at 331% ..