Metaplanet Plunges 8% Amid ¥2 Billion Bitcoin Plan, Market Jitters Over Trump’s April Tariffs
Metaplanet stock plunged 8% after unveiling a ¥2 billion ($13.4m) Bitcoin purchase plan, as markets brace for for US President Donald Trump’s April tariffs. Google Finance data shows that Metaplanet stock traded at ¥401 as of 2:05 a.m. EST following the recent drop. Metaplanet Announces ¥2 Billion Bitcoin Purchase Plan Earlier today, Japan-based investment firm Metaplanet announced the issuance of its 10th Series of Ordinary Bonds worth ¥2 billion. According to a March 31 announcement shared on X today, the firm plans to use the proceeds to buy BTC. The zero-interest bonds are scheduled for redemption on September 30. *Metaplanet Issues 2 Billion JPY in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/ZrC5plI1Nc — Metaplanet Inc. (@Metaplanet_JP) March 31, 2025 Metaplanet’s decision to buy more BTC comes as the crypto market leader saw its price drop over 1% in the last 24 hours to trade at just above $82K. This correction pushe...