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Metaplanet Rides Global Crypto Rally, Stock Soars 21.3%

Guavy AI Editorial Team
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Metaplanet stock surged 21.3% to ¥307 on Friday, fuelled by the global cryptocurrency rally that pushed Bitcoin near three-month highs.

The Japanese hotelier turned Bitcoin holder has a significant exposure to the market, with its stockpile of 43,000 coins making it the world's third-largest corporate Bitcoin treasury.

Bitcoin's price rise began on Wednesday and continued into Asia trading hours on Friday, climbing as high as $75,740. The cryptocurrency's gains were linked to U.S. President Donald Trump's push for Congress to pass the Clarity Act, which would define whether cryptocurrencies are regulated as securities or commodities.

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