Metaplanet’s Bitcoin Holdings Yield $36M in Unrealized Gains, Stock Surges
Metaplanet (3350), a publicly listed firm with a growing Bitcoin treasury, has reported an unrealized gain of approximately $36 million (5.46 billion yen) on its 1,761 BTC holdings, which were acquired for $137 million. The company highlighted its standout performance in 2024, ranking as the top-performing equity among 55,000 publicly traded firms.
Investor enthusiasm for Metaplanet has skyrocketed, with its shareholder base expanding fivefold to 50,000 over the past year. To accelerate its Bitcoin accumulation strategy, the firm is leveraging multiple financing methods, including secured bonds, convertible bonds, private placements, and equity issuance.
Metaplanet has set bold targets of acquiring 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. To support this plan, the company will issue 21 million shares through moving strike warrants while using operational cash flow to fund additional purchases.
The stock has reacted positively to its Bitcoin-first strategy, jumping 8% on Monday and gaining 64% year-to-date, reinforcing investor confidence in its aggressive BTC accumulation approach.
