Japan’s leading Bitcoin Treasury company Metaplanet Inc. soared to new market cap this week, driven by Bitcoin’s own historic ATH. The company’s aggressive Bitcoin acquisition strategy, innovative financing and growing investor confidence have raised its valuation to 470.3 billion yen, an age increase of 554.5%, and closely tracked the surge in Bitcoin for the past $109,500.
In just over a year, Metaplanet has expanded its holdings from 98 BTC to 7,800 BTC (as of May 19, 2025), with an average price of $103,873. Today, the reserve is now worth more than $800 million because of the record-breaking Bitcoin this year.
The latest rise after the company announced the completion of its comprehensive action on its Series 13-17 stock acquisition rights under the company’s announcement of the completion of its innovative “21 million Plan”. The equity financing activity raised 93.3 billion yen in just 60 trading days, fueling additional Bitcoin purchases without diluting shareholder value. In a very few moves, these MS warrants were issued at 6.8% higher than the stock price at the time.
Metaplanet’s growth has been ruthless since its announcement on the OTCQX market. “We are delighted to start trading in the OTCQX market, allowing U.S. investors to participate in Metaplanet’s journey,” said President Metaplanet Simon Gerovich. “As Asia’s only dedicated Bitcoin Treasury company, this step reflects our commitment to global advancement of Bitcoin adoption while increasing shareholder value.”
Metaplanet’s growth is more than just a good time situation. It reflects a strong, intentional consistency with Bitcoin’s price action. Since moving to a Bitcoin-focused strategy in 2024, the company has released impressive quarterly BTC yields of 41.7%, 309.8%, 95.6% and 47.8%. After Bitcoin’s rapid climb, these returns have increased its net asset value by 103.1 times and its market capitalization by 138.1 times.
In the first quarter of 2025, Metaplanet reported its strongest financial results to date. Revenue rose to 877 million yen in the quarter quarter, while operating profit rose 11% to 593 million yen. Net income soared to 50 billion yen and received 13.5 billion yen unrealized income from its Bitcoin holdings, further strengthening the company’s balance sheet.
Although Bitcoin prices fell briefly at the end of March, causing a valuation loss of 7.4 billion yen, Metaplanet quickly recovered as BTC soared to new record levels. This close link to Bitcoin performance has led many investors to use Metaplanet as an investment vehicle to obtain Bitcoin on the Tokyo Stock Exchange.
