Metaplanet Inc. Stock Soars 15.1% After $11.3 Million Bitcoin Purchase

Metaplanet Inc. Invests $11.3 Million in Bitcoin, Stock Hits New High

Metaplanet Inc. Stock Soars – Shares of Metaplanet Inc., a Japanese investment firm, surged 15.1% on Tuesday after the company announced it had purchased an additional 124.1 BTC (worth $11.3 million). The purchase, made at an average price of 14.1 million yen (around $91,266) per Bitcoin, brings Metaplanet’s total Bitcoin holdings to 1,142.2 BTC (approximately $104.8 million).

Strong Stock Performance

The company’s stock closed at 2,295 yen on Tuesday, with 21.9 billion yen ($141.7 million) in trading volume. Year-to-date, Metaplanet’s stock has surged an extraordinary 1,334%, far outpacing the broader market. The firm now ranks 29th in trading value among Japan’s 4,000 listed companies, surpassing larger firms like Itochu and NTT.

Strategic Bitcoin Investments

Metaplanet’s aggressive Bitcoin strategy began in May when it announced adopting Bitcoin as a strategic treasury reserve asset. The firm reported a 186.9% BTC yield from October 1 to November 19, 2024. In addition, Metaplanet issued 1.75 billion yen ($11.3 million) in bonds on Monday to fund future Bitcoin acquisitions, with a redemption date of November 17, 2025.

MicroStrategy Leads in Bitcoin Holdings

While Metaplanet is increasing its Bitcoin reserves, MicroStrategy remains the largest public corporate Bitcoin holder, with 331,200 BTC. MicroStrategy recently acquired 51,780 BTC, its largest purchase to date.

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