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Bitcoin Effect on Japanese Investment Firm Metaplanet Shares! Here Are the Details

source-logo  en.bitcoinsistemi.com  + 1 more 19 November 2024 15:45, UTC

Japanese investment firm Metaplanet saw its shares jump 15.1% on Tuesday after announcing an additional purchase of 124.1 BTC worth approximately $11.3 million.

Japan's Metaplanet Shares Soar 15% After Bitcoin Treasury Expansion

The Tokyo-listed company said it purchased Bitcoin at an average price of ¥14.1 million ($91,266) per BTC, bringing its total assets to 1,142.2 BTC, worth approximately $104.8 million.

This marks a significant move in the strategy to adopt Bitcoin as a strategic treasury reserve asset, a policy that was implemented in May.

Metaplanet's shares closed at 2,295 yen on Tuesday, with daily trading turnover reaching 21.9 billion yen ($141.7 million), according to Futu data. The stock is up 1,334% year to date, outperforming the Nikkei 225 index, which is up 0.5% on the same day.

“Metaplanet ranked 29th out of 4,000 listed companies in Japan by transaction value, beating much larger market rivals such as Itochu and NTT,” Metaplanet CEO Simon Gerovich wrote in a post on X (formerly Twitter).

The company reported a BTC return of 186.9% between October 1 and November 19, highlighting the profitability of its aggressive Bitcoin accumulation strategy.

On Monday, Metaplanet announced that it had issued a one-year bond worth ¥1.75 billion ($11.3 million), with the funds earmarked for further Bitcoin purchases.

The bond is dated November 17, 2025, underscoring Metaplanet’s commitment to long-term Bitcoin investments.

Metaplanet’s bold moves are in line with the growing institutional interest in Bitcoin, while US-based MicroStrategy remains the largest public institutional holder of Bitcoin with 331,200 BTC.

*This is not investment advice.

en.bitcoinsistemi.com

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