Metaplanet Stock Surges to Record High, Fueling Bitcoin Strategy

• Metaplanet’s stock has surged 81% in a month, hitting an all-time high of JP¥6,650, with a one-year return exceeding 4,000%.
• The firm raised ¥4 billion via a 0% interest bond to accelerate its Bitcoin acquisition strategy, bypassing stock acquisition delays.
• Michael Saylor’s MicroStrategy continues Bitcoin accumulation, now holding 478,740 BTC, while BTC trades at $96,226 amid macroeconomic uncertainties.

Metaplanet’s stock has experienced a significant rally, closing at JP¥6,650 after a 13% daily gain. The stock’s rapid appreciation, with a 36% weekly increase and an 81% rise over the past month, has captured the attention of investors. Over the past year, its stock price has soared by more than 4,000%, solidifying its position as a major player in Japan’s financial market.

Michael Saylor Praises Metaplanet’s Growth

MicroStrategy Executive Chairman Michael Saylor has lauded Metaplanet’s Bitcoin-focused strategy. The company’s stock has moved from under JP¥1,000 in October 2024 to its current all-time high. The surge has made Metaplanet the 19th most liquid stock in Japan, with a trading volume of JP¥42.6 billion ($277 million).

Metaplanet’s CEO, Simon Gerovich, commented on institutional short positions against the stock. He specifically addressed Morgan Stanley, which reportedly holds a short position exceeding one million shares. His remarks come amid a strong bullish trend that has defied short-sellers’ expectations.

The sixth unsecured corporate bond issued by Metaplanet secured ¥4 billion for Bitcoin acquisition with no interest payments required. Through this recent move, Metaplanet can acquire Bitcoin without delay since it avoids stock acquisition rights duration. The organization has established a Bitcoin acquisition goal to reach 21,000 BTC before 2026 when executing its treasury strategy in the long term.

MicroStrategy Continues BTC Accumulation

MicroStrategy continues to support its Bitcoin strategy by using recent funds to acquire 7,633 BTC which amounts to $742 million. The institution currently holds 478,740 BTC making it one of the top institutional holders of Bitcoin.

Bitcoin’s present market value amounts to $96,226 below its previous trading period of 24 hours. Bitcoin maintains a $1.90 trillion market capitalization while its daily market volume shows an 8.7% enhancement reaching $37 billion. 

The total amount lost through liquidations has reached $43 million and most of this loss stemmed from long positions which amount to $37 million. The market maintains uncertain conditions despite institutional investments because of macroeconomic indicators and upcoming US inflation reports.