Japan's Metaplanet Stock Climbs as Company Joins Top Bitcoin Holders

Japanese company Metaplanet is rapidly emerging as "Asia's MicroStrategy," pursuing an aggressive Bitcoin (BTC) accumulation strategy that mirrors the approach of the well-known U.S.-based Strategy (formerly MicroStrategy).

On Monday, Metaplanet acquired an additional 1,004 BTC at an average price of JP¥15,134,304 per Bitcoin ($104,180). This purchase, valued at approximately $104 million, brings Metaplanet's total Bitcoin holdings to 7,800 BTC, currently valued at over $800 million. This acquisition follows two earlier purchases in May 2025, totaling 1,796 BTC. Metaplanet is now the 10th largest public company in terms of Bitcoin holdings, surpassing El Salvador's national Bitcoin treasury. The company aims to hold 10,000 BTC by the end of 2025.

Metaplanet's Q1 FY2025 earnings report revealed strong performance, with revenues of $6 million, 88% of which was attributed to Bitcoin options trading. The company reported a BTC yield of 170% and a BTC gain of 2,996 BTC, as of May 12.

"Our results speak for themselves: we don’t set targets to feel safe—we set them to exceed them, quarter after quarter," Metaplanet said.

Metaplanet's stock price (3350.T) has responded positively to these developments. Following the recent 1,004 BTC acquisition, the stock price surged to a three-month high, appreciating by 12.6%. At the time of reporting, the stock was trading at 684 yen ($4.72). Over the past month, the stock's value has increased by 101.7%, driven by Bitcoin's rally and Metaplanet's Bitcoin-focused strategy. Since adopting this strategy, Metaplanet's stock price has increased over 15-fold.

Metaplanet funds its Bitcoin purchases through the issuance of zero-coupon ordinary bonds. In May 2025, the company issued bonds worth $64.7 million. Metaplanet's total investment in Bitcoin is approximately $712.5 million, with an average historical purchase price of 13.5 million yen per BTC, or roughly $91,343 per token.