Metaplanet Crosses 50B Yen in Traded Value

Japanese hotel developer and bitcoin treasury firm Metaplanet has topped ¥50 billion ($332.6 million) in traded value on the Tokyo Stock Exchange, surpassing Toyota, the world’s largest car manufacturer, according to a post by the company’s CEO Simon Gerovich on Monday. Traded value refers to the dollar value of a stock’s total trade volume. Gerovich posted the announcement after Metaplanet purchased 150 BTC, bringing its total bitcoin holdings to 3,350 BTC. “Today, the company recorded a record high traded value of 50.4 billion yen. It is ranked 13th in terms of traded value in Japan, surpassing Toyota, which has the highest market capitalization,” Gerovich wrote. “Why? Bitcoin, and the best shareholders in the world,” he added.

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