Bitcoin Investments Push Metaplanet Stock Higher
Investments by Metaplanet of $5.4 billion went into Bitcoin, causing a 22% up-jump in stocks.
Boosted by the news, the Tokyo-listed share of Metaplanet soared by 22% on June 9 to hit a session peak of 1,641 yen (approximately US$11.36).
Originally a trading firm, Metaplanet was established in 1999 and rebranded itself as an investment company in June 2022.
Interesting and good luck but what is ur backup plan if Bitcoin drop 20-30%?
— Rashed Alrashed (@Bos3odKwt) June 6, 2025
A $40 Billion Bitcoin Acquisition Plan
The Japanese investment firm seeks to buy up 210,000 Bitcoin at a total cost of 5.4 trillion yen (approximately $40 billion), with the purchase expected to be made as Bitcoin’s price bottoms out.
The company believes Bitcoin has the potential to replace the US dollar in the real world soon.
The price spike comes as Metaplanet’s shares have soared more than 1,744% since it started accumulating Bitcoin back in July 2024. The firm purchased 1,088 BTC on June 2, bringing its current total to 8,888 BTC.
An Ambitious Vision: From 21K to 210K Bitcoin
Metaplanet’s earlier roadmap had sought 21,000 BTC. On June 6, the company pivoted strategy in announcing a change in its target to 210,000 BTC, or tenfold. In order to accomplish this goal, the company estimates that it will need more than $21 billion in total investment.
The company is seeking to hold 100,000 BTC by the year 2026. If Metaplanet succeeds, it will be second among publicly listed firms that hold Bitcoin. The first and most prominent is MicroStrategy, which has a huge BTC stack and is represented by Bitcoin advocate Michael Saylor.
Institutional Confidence in Crypto Grows
This trend is gaining popularity among corporations that are entering the Bitcoin market. Companies such as K Wave Media and DigiAsia Corp have also dove into the crypto water, with their stocks soaring after announcing crypto strategies.
However, outcomes have varied. Businesses such as Blockchain Group and GameStop saw a sharp gain in their price after disclosing their Bitcoin news, while others like K33 saw subdued or even negative price actions.
More Companies Holding Bitcoin on Their Balance Sheet
Publicly listed companies hold over 3.2% of all Bitcoin, or over three million BTC worth over $342 billion according to Bitbo and Standard Chartered. This indicates corporations are seeing Bitcoin as a haven against inflation and economic uncertainty, thus changing their treasury management strategies.
Metaplanet’s bold plan to buy Bitcoin is a sign of growing trust in cryptocurrencies. It is yet to be seen whether this is a long-term move, but for now, there is no doubt Wall Street and Tokyo are watching.
