- Metaplanet’s shares surged 51%, hitting an all-time high of 4,270 JPY after announcing a bold ¥4.5B Bitcoin strategy.
- The Tokyo-listed company now holds over 1,150 BTC, becoming Asia’s largest corporate Bitcoin holder with a $28M valuation gain.
- Metaplanet plans additional bond issuances to expand Bitcoin holdings and attract institutional interest in cryptocurrency.
Metaplanet’s stock jumped 51% on December 17 after the company, known as the “Japanese MicroStrategy,” revealed a ¥4.5 billion ($30 million) initiative to acquire more Bitcoin. The funds will accelerate Metaplanet’s Bitcoin acquisition strategy, highlighting its commitment to digital assets.
Japanese MicroStrategy Fuels Bitcoin Accumulation
During a December 17 Board of Directors meeting, Metaverse ecosystem approved the issuance of its 4th Series Ordinary Bonds. Each bond is valued at 2.5 billion yen, totaling 4.5 billion yen. Additionally, the company plans to issue private placement bonds of up to 5 billion yen. These bonds will further fuel Metaplanet’s Bitcoin buying spree.
Inspired by MicroStrategy’s approach, Metaverse ecosystem began aggressively accumulating Bitcoin in May 2024. Within months, the company added over 1,000 BTC to its balance sheet. These strategic moves solidified its position as a major Bitcoin holder, earning the nickname “Japanese MicroStrategy” among market participants.
Metaverse ecosystem’s zero-interest bonds are debt securities sold at a discount, maturing on June 16, 2025. Investors profit from receiving the full face value upon maturity. The funds raised through these bonds will be exclusively allocated to Bitcoin acquisitions, demonstrating the company’s unwavering focus on cryptocurrency investments.
Metaplanet’s announcement significantly impacted its stock performance. Share prices hit an all-time high of 4,270 JPY, surging 51% in five trading days. Since January 2024, the company’s stock has skyrocketed by 2,450%, reflecting robust investor confidence in its bold strategy.
Metaplanet’s Bitcoin Strategy Drives $1 Billion Market Surge
The announcement triggered a trading frenzy, with over 27.8 billion yen of shares exchanged. The surge in activity pushed Metaverse ecosystem’s market capitalization beyond $1 billion. CEO Simon Gerovich emphasized that the market’s enthusiasm underscores the success of its Bitcoin-centric approach, positioning Metaverse ecosystem as a leader in the digital asset space.
Metaplanet plans to issue additional private placement bonds worth 5 billion yen. While details such as interest rates and maturity dates remain undecided, the company’s focus on expanding its Bitcoin holdings remains clear. Metaverse ecosystem’s Bitcoin holdings currently exceed 1,150 BTC, making it Asia’s largest corporate Bitcoin holder. Following its latest purchase on November 19, the firm reported a $28 million valuation gain in its holdings.
Other companies are also adopting Bitcoin as a treasury asset. Indian tech firm Jetking Infotrain recently acquired 12 BTC, marking a historic move in the country. Meanwhile, MicroStrategy added 15,350 BTC between December 9 and December 15, and Semler Scientific Inc increased its holdings to 2,084 BTC, further showcasing the growing trend of corporate Bitcoin adoption.
Read More: Metaplanet’s $62 Million Bet: Strengthening Japan’s Crypto Future with Bitcoin
