Cryptocurrency-related stocks in Asia soared on Monday, propelled by U.S. President Donald Trump’s social media announcement on Sunday regarding the potential inclusion of additional digital assets in a U.S. crypto reserve. The rally extended to broader crypto markets, with Bitcoin surging past $94,000 at one point before stabilizing at $92,326.
Japan’s Metaplanet saw its shares skyrocket by 21.15% on Monday, closing at 4,010 yen from a previous close of 3,310 yen. The surge came as the company disclosed the purchase of an additional 156 BTC for approximately $13.4 million, bringing its total Bitcoin holdings to 2,391 BTC. CEO Mark X confirmed the acquisition on X, noting that the firm remains committed to expanding its cryptocurrency treasury. Simon on XJapan’s Metaplanet saw its shares skyrocket by 21.15% on Monday, closing at 4,010 yen from a previous close of 3,310 yen. The surge came as the company disclosed the purchase of an additional 156 BTC for approximately $13.4 million, bringing its total Bitcoin holdings to 2,391 BTC. CEO Mark X confirmed the acquisition on X, noting that the firm remains committed to expanding its cryptocurrency treasury.
Hong Kong-based OKG Tech experienced an even greater jump, with its stock rising 42.6% to close at HK$0.184. Meanwhile, Boyaa Interactive, a Chinese gaming company and Asia’s largest public corporate bitcoin holder, saw its shares climb 23% to HK$4.17. Boyaa announced on Sunday that it had purchased an additional 100 BTC for $7.95 million, raising its total holdings to 3,350 BTC at an average acquisition cost of $58,627 per bitcoin.
Broader Market Reactions
The effects of Trump’s announcement extended beyond individual companies, influencing regional stock indices. Japan’s benchmark Nikkei 225 gained 1.7% on Monday. However, South Korea’s Kospi index dropped 3.39%, while Hong Kong’s Hang Seng edged up by 0.29%. China’s Shanghai Composite dipped slightly, down 0.12%.
Bitcoin’s rally, which began on Sunday following Trump’s social media posts, contributed to the spike in crypto-related equities. The former president suggested that the U.S. might expand its crypto reserve to include SOL, XRP, and ADA alongside Bitcoin and ether, fueling speculation about increased institutional adoption.
Metaplanet’s aggressive accumulation of Bitcoin aligns with its long-term corporate strategy. The company, which began its Bitcoin acquisitions in April 2024, has made multiple purchases in recent months, including the acquisition of 135 BTC last week.
In December, Metaplanet formally integrated Bitcoin treasury operations as a core component of its business model. The firm has set ambitious targets, aiming to hold 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.
Boyaa’s Cryptocurrency Expansion
Boyaa Interactive also reaffirmed its cryptocurrency strategy in its latest announcement. The company’s board of directors disclosed that the latest Bitcoin purchase was made under an acquisition mandate approved by shareholders. The company emphasized that it would continue to provide updates on its digital asset holdings and warned investors about potential volatility in the cryptocurrency market.
The company’s filing with the Hong Kong Stock Exchange cautioned that the fluctuating price of Bitcoin could materially impact its financial performance. However, it reiterated that the acquisitions were made under an approved mandate and did not constitute a notifiable or connected transaction under the exchange’s listing rules.
As Asian crypto stocks surged, digital asset indices reflected broader market enthusiasm. Solana-related tokens posted strong gains, with non-meme Solana tokens rising 5.40% and meme tokens surging 8.81%. Ethereum-related tokens also saw gains, climbing 6.55%.
Market participants are closely monitoring the implications of Trump’s statements and whether they will translate into formal policy shifts. For now, Asian crypto stocks are riding the wave of optimism fueled by both corporate investments and speculative anticipation of U.S. regulatory developments.
