Metaplanet's BTC Buy Sends Stock Soaring
Metaplanet, often dubbed Japan's MicroStrategy, significantly boosted its Bitcoin holdings with a recent purchase of 1,004 BTC, valued at approximately $104 million. This acquisition propelled its Tokyo Stock Exchange-listed stock price up by 15% to 712 JPY, adding to its already impressive monthly gains exceeding 100%.
Metaplanet's Bitcoin Strategy in the Spotlight
This surge follows the announcement of record Q1 revenue of 877 million Japanese yen ($6 million). Metaplanet attributes this success to its robust Bitcoin investment strategy. The company's latest Bitcoin purchase comes as the cryptocurrency approaches a potential weekly close above $105,000. Details of the purchase can be found here.
Since the start of 2025, Metaplanet has increased its Bitcoin holdings by 4.4x, accumulating 6,038 BTC to reach a total of 7,800 BTC. This expansion was facilitated by a moving-strike warrant program, enabling equity issuance without a fixed discount or strike price. The company now ranks as the 11th largest Bitcoin holder, recently surpassing El Salvador. Read more about this milestone here.
Metaplanet is nearing its short-term objective of owning 10,000 BTC, having already achieved approximately 78% of its goal. The average cost basis per Bitcoin is ¥712.5 million ($91,343). The company's aggressive Bitcoin strategy in 2025 has yielded an impressive return of 189.1%.
Outperforming MicroStrategy?
Metaplanet's significant BTC yield has even outperformed MicroStrategy's Bitcoin investment strategy. Blockstream CEO Adam Back noted that Metaplanet's growth is 3.8 times faster than MicroStrategy's in terms of mNAV coverage, making Metaplanet stock potentially more attractive to investors. Learn more about the comparison here.
This latest Bitcoin purchase comes as the price hovers around $103,500, encountering resistance at $105,000. While the overall crypto market shows some jitters due to Moody's downgrade of the US credit rating and selling pressure on the S&P 500, Metaplanet's bold moves are making waves.
Disclaimer: This information is for educational purposes only and should not be considered financial advice. Conduct thorough research before making any investment decisions.