Metaplanet Inc. Stock Surge

Shares of Japanese investment firm Metaplanet Inc. rose 15.1% on Tuesday after the company announced the purchase of an additional 124.1 BTC (approximately $11.3 million).

Earlier today, the Tokyo-listed firm reported that it acquired another 124.1 BTC at an average price of nearly 14.1 million yen (about $91,266) per bitcoin. This increased its total holdings to 1,142.2 bitcoin (valued at $104.8 million).

Metaplanet’s stock closed up 15.1% at 2,295 yen on Tuesday in Japan, with daily turnover reaching 21.9 billion yen (around $141.7 million), according to data from Futu. Its stock price has surged 1,334% year-to-date. The Nikkei 225 index gained 0.5% today.

> “Metaplanet ranked 29th out of 4,000 listed companies in Japan by trading value, surpassing larger market peers like Itochu and NTT,” wrote Simon Gerovich, CEO of Metaplanet, on X today.

The company has been on a bitcoin buying spree in recent months following its May announcement to adopt bitcoin as a strategic treasury reserve asset. In Tuesday's disclosure, the company noted its BTC yield reached 186.9% from Oct. 1 to Nov. 19 this year.

On Monday, Metaplanet also announced the issuance of one-year ordinary bonds totaling 1.75 billion yen (approximately $11.3 million), with funds intended for purchasing bitcoin. The redemption date is set for Nov. 17, 2025.

Meanwhile, MicroStrategy continues to hold the title of the largest public corporate bitcoin holder, owning 331,200 BTC. Recently, MicroStrategy acquired an additional 51,780 BTC, marking its largest acquisition to date. Wall Street giants are also increasing their stakes in bitcoin-related shares.