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Metaplanet’s Stock Surges 4,000% on Bitcoin Strategy, Poised to Report First Profit in Six Years
Japanese resort investor Metaplanet has become Japan’s highest-gaining stock, rising more than 4,000% over the past 12 months. This surge is fueled by the company’s pivot to a “Bitcoin-first, Bitcoin-only” strategy last year to stockpile the cryptocurrency.
According to TradingView data, Metaplanet Inc. has become Japan’s best-performing shares over the past 12 months.
Metaplanet emulates the success of Strategy, formerly known as MicroStrategy. Strategy has been inspiring numerous companies to buy and hold Bitcoin in their corporate treasuries, aiming to boost their declining share prices.
For example, global pharmaceutical firms are following Strategy’s example in stockpiling Bitcoin instead of cash, recent data from crypto security firm Coinkite revealed.
In Japan, software developer Remixpoint Inc. also announced last September that it plans to purchase ¥1.2 billion (roughly $8 million) in Bitcoin. The company has seen its stock grow over 300% since.
“Companies that have seen their stock struggle, really because their business models are not particularly compelling in the eyes of many investors, have opted to follow MicroStrategy’s lead,” Mark Palmer, senior equity research analyst at The Benchmark Company, told Financial Times.
Bitcoin’s All-Time High Boosts Metaplanet’s Stock
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Bitcoin’s record high following Trump’s embrace of crypto is another factor that drove the costs of BTC hoarders’ shares. The world’s largest crypto soared to $109,241 on Jan. 20 following Trump’s inauguration.
According to Bitcointreasuries.web, Metaplanet has acquired 1,762 BTC, worth $172.31 million since April 2024. The Japanese tech giant has targeted increasing its Bitcoin treasury to 10,000 BTC this year.
“In 2025, we aim to increase our Bitcoin holdings to 10,000 BTC by using the most accretive capital market instruments available to us,” Metaplanet’s CEO Simon Gerovich wrote on X.
Furthermore, the company revealed that Metaplanet’s shareholders increased to nearly 50,000, rising by 500% in 2024. One of its shareholders includes Capital Group, which has also invested in Strategy, Bloomberg reported.
Rhiannon Ewart-White, Japan equity analyst and managing director of UK-based Storm Research, told Bloomberg that Metaplanet has very high exposure to the unstable retail base.
“They need to ensure shareholders understand exactly what their strategy is,” he noted.
In Japan, capital gains for direct Bitcoin purchases are taxed at up to 55%, making it convenient for small-scale and first-time buyers.
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