Japanese Web3 firm Metaplanet's stock surged 89% after announcing a $6.5M Bitcoin investment for enhanced crypto exposure to Japanese investors.

Japanese Web3 firm Metaplanet saw its stock surge 89% after announcing a $6.5M investment in Bitcoin, aiming to increase exposure to crypto for Japanese investors without regulatory risks. The company, which focuses on Web3 and metaverse-related businesses, has been compared to MicroStrategy's Bitcoin strategy. Metaplanet expects the shift to position the firm as a pioneer in digital asset adoption in Japan.