Metaplanet shares soared over 20 percent on Tuesday following the company’s latest Bitcoin acquisition, underscoring its aggressive strategy to accumulate the digital asset.
The Tokyo-listed investment firm disclosed a purchase of 497 Bitcoin (BTC) worth $43.9 million, bringing its total holdings to 2,888 BTC. The company’s stock price reached 3,985 Japanese yen ($26.60) by 2 p.m. local time, according to Google Finance.
The latest acquisition, announced by CEO Simon Gerovich on March 5, was made at an average price of $88,448 per Bitcoin.
Gerovich stated that Metaplanet has achieved a 45 percent year-to-date yield. This marks the company’s second Bitcoin purchase in a week, following its acquisition of 156 BTC for $13.4 million on March 3.
Metaplanet’s Expanding Bitcoin Holdings
Metaplanet has significantly increased its Bitcoin reserves, positioning itself as the largest corporate Bitcoin holder in Asia. Its latest purchase places it ahead of Hong Kong-based gaming firm Boyaa Interactive International, according to data from BiTBO. The firm’s total Bitcoin holdings, acquired at an average price of $83,172 per BTC, are now worth approximately $251 million, reflecting paper profits amid Bitcoin’s recent price fluctuations.
Since announcing its Bitcoin acquisition strategy in April 2024, Metaplanet has aggressively pursued its goal of holding 21,000 BTC by 2026. The company has acquired 794.5 BTC in 2025 alone, reporting gains of $66 million in the first quarter. This accumulation strategy was formally designated as a core business operation in December.
Stock Performance and Market Reaction
Metaplanet’s stock has been among the best performers in the Tokyo market over the past year, rising over 1,700 percent. However, its price had recently dipped in tandem with Bitcoin’s decline, which saw an 8.5 percent drop in the last 14 days. Bitcoin hit a three-month low of under $79,000 on February 28, partly due to concerns over potential trade tariffs proposed by former U.S. President Donald Trump.
Despite the recent volatility, Bitcoin rebounded 4 percent in the past 24 hours to trade at $86,943, according to The Block’s price page. The Nikkei 225 index edged up 0.55 percent on Tuesday.
Potential Global Expansion
Gerovich has hinted at a potential overseas listing to expand Metaplanet’s investor base. On March 3, he disclosed that he had met with officials from the New York Stock Exchange and Nasdaq in late February to discuss the company’s platform and market accessibility.
“We are considering the best way to make Metaplanet shares more accessible to investors around the world,” Gerovich wrote on X.
A listing outside of Japan could further bolster Metaplanet’s global profile as it continues its Bitcoin accumulation strategy. The company remains committed to acquiring 10,000 BTC by the end of 2025 and 21,000 BTC by 2026, a move that could further influence its stock trajectory as the crypto market fluctuates.
