According to market data, Metaplanet was trading at just ¥34 per share on April 12, 2024 — the same day trading volume spiked to 117 million shares, signaling the company’s strategic pivot toward Bitcoin as a treasury asset.
As of June 3, 2025, the stock has skyrocketed to ¥1,345, marking a nearly 39.5x return in just over a year.
This explosive growth follows the company’s announcement that it would adopt Bitcoin as a core part of its corporate treasury model, following the playbook of U.S. firm MicroStrategy.
Since then, Metaplanet has steadily accumulated Bitcoin, drawing significant attention from both domestic and international investors looking for equity-based exposure to BTC.
The stock’s dramatic rise reflects surging interest in Bitcoin-aligned corporate strategies, especially as institutional adoption gains pace globally. As other firms and even governments begin evaluating digital assets for balance sheet purposes, Metaplanet has emerged as a first mover in Japan.
Investor enthusiasm has translated into sustained trading momentum, with the company now seen by many as Japan’s de facto “Bitcoin proxy stock.” Analysts suggest that as long as Bitcoin continues to appreciate and Metaplanet stays committed to its accumulation model, its stock may remain highly correlated with BTC performance.
While risks remain in tying equity valuation to crypto market volatility, Metaplanet’s bold move has so far paid off with extraordinary returns.
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