Bitcoin buyer Metaplanet's market value now exceeds that of chip maker Armor-X.

Metaplanet, a Japanese company that has transitioned from the hotel industry to becoming a buyer of Bitcoin, now has a market value that surpasses the storage chip manufacturer Kaitai Holdings. With the global rise of cryptocurrencies, the company's stock price has surged by nearly 400% in less than two months. Metaplanet's market value surpassed 1 trillion yen for the first time on Monday, and its upward momentum also placed it above chip manufacturer Screen Holdings and Tokyo Metro Company.