Metaplanet Stock Hits Record High Following Bitcoin Investment Plan

TLDR

• Metaplanet has raised 4.5 billion JPY through zero-interest bonds to purchase more Bitcoin, with bonds maturing in June 2025
• The company stock reached an all-time high of 4,270 JPY, representing a 51% increase in five trading sessions and 2,450% year-to-date
• Metaplanet has acquired over 1000 BTC since May 2024, following a strategy similar to MicroStrategy
• The company’s market capitalization has now exceeded $1 billion, with record trading volume of 27.8 billion JPY
• A shareholder rewards program tied to Bitcoin has been established through partnership with SBI VC Trade Co.

Japanese technology company Metaplanet has announced a new 4.5 billion yen bond issuance to fund additional Bitcoin purchases, as the company’s stock price reaches unprecedented heights. The bonds, issued to EVO FUND, will carry no interest and are set to mature on June 16, 2025.

The company revealed on Tuesday that the bonds will be issued in tranches, with each bond valued at 2.5 billion yen. This move represents the latest step in Metaplanet’s aggressive cryptocurrency investment strategy, which began in May 2024.

Since launching its Bitcoin acquisition program, Metaplanet has already added more than 1000 BTC to its corporate treasury. The company has earned the nickname “Japan’s MicroStrategy” due to its similar approach to the American software company known for its large Bitcoin holdings.

The impact on Metaplanet’s stock has been remarkable. Share prices have surged to a new all-time high of 4,270 JPY, marking a 51% increase in just five trading sessions. The year-to-date gains are even more striking, with the stock up 2,450% since January.

Trading volume has also reached record levels, with 27.8 billion yen (approximately $180 million) in shares changing hands. This surge in activity has pushed Metaplanet’s market capitalization above the $1 billion mark.

The company’s CEO, Simon Gerovich, highlighted these achievements as key milestones in Metaplanet’s growth story. The record trading volume and stock price indicate strong market interest in the company’s Bitcoin-focused strategy.

Milestones Achieved Today 🚀

All-Time High: ¥4,270
Record Volume: ¥27.8B (~$180M)
Market Cap: $1B milestone reached

Thank you to all shareholders for being part of this journey! pic.twitter.com/f6rnuLaCd0

— Simon Gerovich (@gerovich) December 17, 2024

Looking ahead, Metaplanet has announced plans to issue additional ordinary bonds through private placement. These future bonds could total up to 5 billion JPY and may be issued either at once or in multiple stages. The specific terms, including interest rates and maturity dates, have not yet been determined.

To share the benefits of its Bitcoin strategy with investors, Metaplanet has established a new shareholder rewards program. The company has partnered with SBI VC Trade Co., Ltd., a subsidiary of SBI Holdings, Inc., to offer shareholders additional value through Bitcoin-linked rewards.

The current bond issuance falls under Metaplanet’s 12th Series Stock Acquisition Rights program. This structured approach to funding allows the company to maintain a steady pace of Bitcoin acquisition while managing its capital resources.

The zero-interest terms of the bonds represent a strategic advantage for Metaplanet, allowing the company to access capital for Bitcoin purchases without incurring ongoing interest expenses. This approach helps maximize potential returns from cryptocurrency investments.

Metaplanet’s move comes at a time when institutional interest in Bitcoin continues to grow globally. The company’s strategy mirrors successful approaches seen in other markets, particularly in the United States.

The partnership with SBI VC Trade adds credibility to Metaplanet’s cryptocurrency initiatives. SBI Holdings is a well-established financial services company in Japan, and its involvement helps strengthen the shareholder rewards program.

Trading data shows consistent growth in daily volume for Metaplanet shares, indicating increasing market participation. The stock’s performance has attracted attention from both domestic and international investors.

Market data reveals that Metaplanet’s stock value has risen steadily since announcing its Bitcoin strategy. The company’s share price has shown particularly strong momentum in recent trading sessions.

The latest financial reports show that Metaplanet’s Bitcoin holdings have grown substantially since May 2024. The company continues to execute its cryptocurrency investment strategy according to plan.