The company’s market capitalization nearly hit the $1 billion milestone thanks to thos dramatic surge. Currently, Metaplanet is valued at around 14.8 billion Japanese yen worth approximately $940 million.
Last month’s system failure in the Tokyo Stock Exchange has caused the bourse’s operator wants to step down. Japan’s financial regulator faced rebuke following the disruption of the system that halted trading for an unprecedented full-day.
The Coinbase Pro system glitch sparked fears of hack amongst the exchange’s users as it is seen from reactions to the updated announcement.
The Tokyo Stock Exchange (TSE) noted that the system glitch was due to a failed switch over to backups following a hardware breakdown.