Bitcoin buyer Metaplanet's market value has now surpassed chip manufacturer Kaixia

Japan's Metaplanet company, which has transitioned from the hotel industry to a Bitcoin buyer, has surpassed the market value of storage chip manufacturer Kaixia Holdings. Thanks to the global cryptocurrency boom, the company's stock price surged nearly 400% in less than two months. On Monday, the market value of Metaplanet exceeded 1 trillion yen (6.9 billion US dollars) for the first time, and its upward trend also made its market value surpass chip manufacturer Screen Holdings and Tokyo Metro Corporation (one of the world's largest subway system operators). (Caixin News Agency)