Metaplanet Stock Surges on Bitcoin Rally and Clarity Act Hopes

Metaplanet's stock saw a significant surge on Friday, rising by 21.3% to ¥307. The Japanese hotelier and Bitcoin holder is one of the world's largest corporate treasuries, with a stash of 43,000 coins.

The rally was fueled by a broader global market trend, as Bitcoin reached three-month highs near $75,000. It had already climbed over 4% in early Asia trading on Friday, reaching an all-time high of $75,740 in Singapore.

The move comes after U.S. President Donald Trump's push for the Clarity Act, which would define whether cryptocurrencies are regulated as securities or commodities. The bill is currently stalled in the Senate and set to face a procedural vote in September.