Bitcoin Finance Company Metaplanet looks like a "classic bubble"

Metaplanet, known as “Japan’s MicroStrategy,” has soared 4,500% after it began investing in Bitcoin in April 2024, facing a potential stock market bubble burst. Despite holding 20,136 BTC and joining the FTSE Japan Index, CryptoQuant’s data shows its growth is unsustainable, with CEO Simon Gerovich working on a Bitcoin-only strategy with the goal of holding 100,000 BTC by 2026.