Metaplanet Bets Big on Bitcoin—Stock Pops After Adding 1,088 BTC to Treasury

Tokyo-listed Metaplanet just doubled down on its crypto gamble—and investors are loving it. The firm’s shares surged after announcing a jaw-dropping 1,088 Bitcoin addition to its corporate reserves. Who needs yield when you’ve got volatility, right?

From Stocks to Satoshis

Once just another ticker on the Tokyo exchange, Metaplanet’s now making headlines as a de facto Bitcoin proxy. This isn’t their first rodeo—the company’s been hoarding BTC since 2024, but this latest buy marks their most aggressive move yet.

Wall Street Meets Cypherpunks

While traditional treasuries park cash in, well, cash, Metaplanet’s playing a different game. The 1,088 BTC haul—worth roughly $70 million at today’s prices—signals a radical departure from conventional corporate finance. Because nothing says ’prudent risk management’ like betting the treasury on a 24/7 casino.

Market reaction? Shares spiked 8% on the news. Because in 2025, apparently, the best way to boost your stock price isn’t earnings—it’s publicly YOLO-ing into crypto.

TLDR

• Metaplanet purchased an additional 1,088 Bitcoin for $117.3 million, bringing total holdings to 8,888 BTC worth approximately $933 million
• The Japanese company’s stock surged 2.62% following the announcement, with shares trading at 1,095 yen
• Metaplanet has achieved 88.9% of its 10,000 BTC acquisition goal for 2025 through this latest purchase
• The company’s Bitcoin holdings were acquired at an average cost of $93,354 per coin, generating a 225.4% year-to-date return
• Metaplanet stockholders are paying a premium of nearly $600,000 per Bitcoin compared to spot prices, over five times the actual Bitcoin value

Metaplanet Inc. announced the acquisition of 1,088 Bitcoin on June 2, 2025, expanding its cryptocurrency treasury to 8,888 BTC. The purchase cost $117.3 million at an average price of $107,771 per coin.

The Japanese investment firm’s stock price responded positively to the news. Shares climbed 2.62% to 1,095 yen following the announcement.

CEO Simon Gerovich revealed the company’s Bitcoin strategy has delivered strong returns. The total 8,888 BTC holdings represent a 225.4% year-to-date gain for investors.

*Metaplanet Acquires Additional 1,088 $BTC, Total Holdings Reach 8,888 BTC* pic.twitter.com/X2clAIKNbR

— Metaplanet Inc. (@Metaplanet_JP) June 2, 2025

Metaplanet acquired its entire bitcoin position for approximately $829.7 million. The average cost per Bitcoin across all purchases stands at $93,354.

The latest acquisition moves Metaplanet closer to its 2025 target. The company aims to purchase 10,000 BTC this year and has now secured 88.9% of that goal.

Recent funding activities support the Bitcoin buying strategy. Metaplanet raised $50 million through zero-coupon bonds and announced an additional $21 million in no-interest bonds.

The company’s stock has experienced substantial gains over recent months. Yahoo Finance data shows shares have risen over 155% in one month and nearly 214% year-to-date.

Bitcoin traded above $105,000 when Metaplanet made its purchase. The cryptocurrency currently exchanges hands at $104,968, up 0.41% for the day.

Trading Premium Analysis

Market research reveals Metaplanet stockholders pay a substantial premium for Bitcoin exposure. According to 10x Research, investors are effectively paying $596,154 per Bitcoin through Metaplanet shares.

This represents more than five times Bitcoin’s actual spot price. The premium reflects the growing interest in proxy Bitcoin investments among retail investors.

The high premium stems from Bitcoin’s elevated price discouraging direct retail participation. Research indicates retail investors represent only 7% of the Bitcoin market, with many stepping back when prices crossed $45,000.

Corporate Bitcoin Strategy

Metaplanet ranks as Asia’s largest corporate Bitcoin holder and the world’s 10th-largest. The company holds over 7,800 BTC representing 0.037% of Bitcoin’s total supply.

CEO Gerovich emphasized Bitcoin’s volatility as a strategic advantage. He described volatility as “energy” and “fuel” that accelerates BTC accumulation and attracts capital.

The company’s BTC yield has fluctuated across quarters. Returns included 41.7% in Q3 2024, 309.8% in Q4 2024, 95.6% in Q1 2025, and 66.3% in Q2 2025 so far.

Metaplanet operates within Japan’s regulatory framework for cryptocurrency investments. The company focuses exclusively on Bitcoin treasury operations rather than diversified cryptocurrency holdings.

The firm’s strategy involves regular Bitcoin purchases funded through capital market activities. This approach allows systematic accumulation while maintaining operational flexibility.

Bitcoin trading volume reached $37.45 billion with a 3% increase. The cryptocurrency has gained 8% over the past month despite recent market volatility.