Metaplanet always hits new as Bitcoin hits record prices

Metaplanet Inc., the leading Japanese Bitcoin finance company, surged this week to a new high in market capitalization driven by Bitcoin’s own historic ATH. The company’s aggressive Bitcoin acquisition strategy, innovative funding and increased investor confidence have led to its valuation of 470.3 billion yen, up 554.5% since the start of the year, closely tracking the Bitcoin surge beyond today’s new $109,500 ATH.

In more than a year, Metaplanet has expanded its holdings from 98 BTC to 7,800 BTC (as of May 19, 2025) at an average price of $103,873 per coin. As a record-breaking run for Bitcoin this year, its stash is now worth over $800 million.

The latest rise follows the company’s announcement that it has completed its 13th to 17th full stake rights exercise under the innovative “21 Million Plan.” The stock finance campaign raised 93.3 billion yen in just 60 days, promoting additional Bitcoin purchases without diluting shareholder value. In a rare move, these MS warrants were issued at a premium of 6.8% over the stock price at the time.

Since releasing the list in the OTCQX market, Metaplanet’s growth is unforgiving. “We are excited to be able to start trading in the OTCQX market, allowing US investors to take part in Metaplanet’s journey,” said Metaplanet’s president Simon Jerovich. “As Asia’s only dedicated Bitcoin financing company, this step reflects our commitment to globally adoption of Bitcoin while increasing shareholder value.”

Metaplanet’s growth is more than just a case of timing. This reflects strong and intentional integrity with Bitcoin’s price action. Since shifting to a Bitcoin-centric strategy in 2024, the company has posted impressive quarterly BTC yields of 41.7%, 309.8%, 95.6% and 47.8%. These returns helped to increase the net asset value by 103.1 times and increase its market capitalization by 138.1 times, following a rapid rise in Bitcoin.

In the first quarter of 20125, Metaplanet still reported its strongest financial results. Revenues rose 8% quarterly to 877 million yen, while operating profit rose 11% to 593 million yen. Net profit rose sharply to 5 billion yen, supplemented by unrealized profits of 13.5 billion yen from Bitcoin holdings, further strengthening the company’s balance sheet.

Bitcoin prices fell briefly at the end of March, causing a valuation loss of 7.4 billion yen, but Metaplanet recovered quickly as BTC surged to a new record level. This strong connection to Bitcoin performance has led many investors to use Metaplanet as an investment vehicle to expose Bitcoin on the Tokyo Stock Exchange.