Japanese Bitcoin treasury stocks soar after Metaplanet raises $130m loan to buy crypto

Core Insights - Metaplanet's shares increased by approximately 7% following the announcement of a $130 million loan aimed at purchasing more Bitcoin [1] - Other digital asset treasury firms (DATs) also experienced share price increases, surpassing the Nikkei 225 index, which rose just over 1% [1] - The market's positive reaction to Metaplanet's Bitcoin buying strategy comes despite recent declines in the crypto market [3] Company Developments - Metaplanet has taken a second loan for Bitcoin purchases, with a floating interest rate that renews daily, and the terms allow for debt repayment at any time [4] - The company previously established a $500 million credit facility to support its aggressive Bitcoin acquisition strategy [4] - Remixpoint, another firm in the sector, reported an 8.7% increase in share prices and holds Bitcoin valued at $128 million [2] Market Trends - Japanese firms are increasingly optimistic about crypto adoption, with major asset managers expressing interest in launching crypto funds [5] - Regulatory discussions are underway regarding the inclusion of crypto in mutual funds and potential tax reforms favorable to the crypto industry [6] - The share price growth of DATs outpaced Bitcoin's price increase of approximately 0.24% during the same period [2]