Metaplanet Dominates Tokyo Standard Market: $12.87B Trading Volume Crushes June Competition
Tokyo's financial scene just got a crypto-colored shakeup—Metaplanet isn't playing nice with legacy players.
The New Volume King
While traditional brokers nursed their matcha lattes, Metaplanet's trading engine hit $12.87B in June—enough to make even the stodgiest keiretsu banker check their Bloomberg terminal twice.
Why This Stings
The 'Standard Market' label now looks downright ironic as this performance exposes Tokyo's slow dance with digital assets. Meanwhile, Singapore's regulators are probably laughing into their CBDC prototypes.
One thing's clear: when your trading volume could buy several small islands, 'disruption' isn't a buzzword—it's a bloodsport.
Japanese Bond Market Chaos: Investors Turn to Metaplanet Due to Transparency
Per Metaplanet’s website, the company now holds 15,555 Bitcoin worth $1.69 billion at press time.
With Japan’s 30-year government bond prices dropping 45% since 2019, investors are increasingly looking into Metaplanet as a Bitcoin proxy, due to the instability in fixed-income markets.
Analysts noted that despite the rally, the company’s market net asset value (mNAV) is reasonable and has room to grow.
Additionally, Metaplanet has been transparent in providing Proof of Reserves for its Bitcoin holdings, unlike its peers. The company CEO, Simon Gerovich, has publicly released on-chain verification of the company’s BTC assets.
This comes in contrast with the largest BTC corporate holder, Strategy’s CEO, Michael Saylor, who recently called on-chain proof-of-reserves a “bad idea” that could pose security threats.
On Monday, Metaplanet announced a 2,205 Bitcoin acquisition, the latest purchase in its aggressive accumulation strategy.
Since early 2025, the company has expanded its Bitcoin holdings from just 4,000 BTC in March to over 15,500 BTC in July, a fourfold increase in its position in just four months.
Crypto Community Raise Concerns Over Corporate BTC Treasury Strategy
However, there is skepticism among the community around the sustainability of the growing Bitcoin treasury trend. Matthew Sigel, head of digital asset research at VanEck, noted that BTC holding firms may have shaky ground, as rising threats might erode shareholder value.
VanEck exec @matthew_sigel warns Bitcoin treasury strategies could backfire, as firms nearing NAV risk eroding shareholder value through continued BTC accumulation.#VanEck #BitcoinTreasuryhttps://t.co/jEINL4NuxY
Besides, Glassnode lead analyst James Check, raised concerns over the longevity of the corporate Bitcoin treasury strategy. He argues that these firms have “a far shorter lifespan than most expect.”
“It’s about how serious & sustainable your product & Strategy is to sustain the accumulation,” he wrote on X last week.
