According to previous reports, Metaplanet is a diversified company that started as a hotel business (including the Web3 consulting business). It went public on the Tokyo Stock Exchange (TSE) in 2004. In the past few years, it has not performed well in terms of profitability, and the Japanese market has evaluated it as a company seeking business reconstruction and investing in the metaverse and Web3.
"Japan's Micro Strategy Metaplanet Skyrockets for Two Consecutive Days, Surging Sixfold After Introducing Bitcoin Strategy"