TLDR
- Metaplanet reached a new all-time high in market capitalization at ¥470.3 billion.
- The company’s valuation rose by 554.5 percent year-to-date following Bitcoin’s record price of $109,500.
- Metaplanet expanded its Bitcoin holdings to 7,800 BTC with an average purchase price of $103,873.
- The firm raised ¥93.3 billion through its “21 Million Plan” in just 60 trading days.
- Metaplanet issued MS Warrants at a 6.8 percent premium to fund Bitcoin acquisitions.
Metaplanet reached a new all-time high in market capitalization this week as Bitcoin (BTC) surpassed $109,500. The company’s valuation climbed to ¥470.3 billion, marking a 554.5% increase year-to-date. This performance closely mirrored Bitcoin’s continued rally, which fueled Metaplanet’s sharp gains.
Aggressive Bitcoin Strategy Accelerates Metaplanet’s Growth
Metaplanet expanded its Bitcoin holdings from 98 BTC to 7,800 BTC within just over one year. The company acquired the total at an average price of $103,873 per Bitcoin, showing a disciplined acquisition strategy. With Bitcoin at a record price, Metaplanet’s holdings now exceed $800 million in value.
The company implemented its “21 Million Plan,” which helped fund these purchases without diluting existing shareholders. Metaplanet fully exercised its 13th to 17th stock acquisition rights under this initiative. The equity raised through MS Warrants totaled ¥93.3 billion across only 60 trading sessions.
These warrants were issued at a premium of 6.8% above the share price at the time of issuance. Metaplanet demonstrated strong capital efficiency by using equity financing aligned with shareholder interests. This move allowed the company to increase BTC exposure while strengthening its balance sheet.
OTCQX Listing and Strategic Performance Drive Further Gains
Metaplanet’s listing on the OTCQX Market in the U.S. broadened access and visibility in global financial markets. Following its shift to a Bitcoin-centered business model in 2024, the company maintained strong performance metrics. Quarterly BTC returns of 41.7%, 309.8%, 95.6%, and 47.8% confirmed the strategy’s effectiveness.
Since adopting its Bitcoin-focused approach, the firm’s net asset value has risen 103.1 times, while market capitalization has surged 138.1 times. Metaplanet’s growth reflects strong alignment with Bitcoin price movements across each reporting quarter. Its financial outcomes consistently supported the asset-led strategy.
In Q1 FY2025, Metaplanet posted revenue of ¥877 million, up 8% quarter-over-quarter, and operating profit of ¥593 million. Net income rose to ¥5.0 billion, and Bitcoin-related unrealized gains reached ¥13.5 billion. Though it reported a ¥7.4 billion dip in March, strong BTC recovery erased the temporary loss.
Apparently Metaplanet is the most shorted stock in Japan. Do they really think betting against Bitcoin is a winning strategy? pic.twitter.com/SAKsOMO4MX
— Simon Gerovich (@gerovich) May 21, 2025
Metaplanet Becomes a Key Bitcoin Proxy on Tokyo Stock Exchange
The direct correlation between Metaplanet’s valuation and Bitcoin’s performance has made it a preferred equity-based Bitcoin exposure. Market participants now treat Metaplanet shares as a gateway to Bitcoin’s price movements on the Tokyo Stock Exchange. The company’s BTC-linked growth trajectory remains consistent with market demand.
Metaplanet’s approach combined innovative financing, aggressive digital asset accumulation, and strategic positioning in both local and international markets. Its performance highlighted how public companies can integrate Bitcoin into long-term financial planning. By maintaining focus and execution, Metaplanet emerged as a high-growth digital asset enterprise.
