The ripple effects of U.S. President Donald Trump¡¯s pro-crypto agenda are fueling a surge in Bitcoin demand in Japan, where one hotelier¡¯s pivot to stockpiling the cryptocurrency is delivering eye-watering returns for shareholders.
Shares of Metaplanet are up more than 4,000% over the past 12 months, the largest gain among all Japanese equities in that period and one of the highest globally, according to data compiled by Bloomberg. Bitcoin, itself, hit a record high of $109,241 on Jan. 20 as Trump was sworn in for his second term, although it¡¯s since erased some of those gains as his trade policies fanned global instability.
Metaplanet is one of a number of outfits around the world that aim to emulate the success of Michael Saylor¡¯s Strategy, formerly known as MicroStrategy. The Tysons Corner, Virginia-based company has morphed into a leveraged Bitcoin proxy and behemoth after accumulating more than $45 billion of the token.
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