Metaplanet shares jump 21% as bitcoin rallies over Japanese holiday
- —Metaplanet shares rose 21% to 294 yen from 243 yen at the September 18 close
- —VanEck gave Metaplanet the only "Bad" rating among 10 firms over 10-yen stock options
- —Capital Research sold roughly 4.8 billion yen of Metaplanet stock in mid-September
- —Tokyo gainers: Escrit Energy +31.48%, Metaplanet +18.52%, TORICO +18.18%
Why it matters: Crypto treasury stocks remain a high-volatility bitcoin proxy, but dilution and selling by major holders weigh on valuations.
Source: CoinDesk Japan