Metaplanet’s stock pumps by 26% after revealing $5.4 billion Bitcoin buying plan
The post Metaplanet’s stock pumps by 26% after revealing $5.4 billion Bitcoin buying plan appeared on BitcoinEthereumNews.com.
Metaplanet aims to buy 100,000 BTC by 2026 and join the 1% BTC holders’ club Firm is nearly 90% done with the 10,000 BTC target for 2025 Metaplanet’s announcement of a $5.4 billion capital raising plan for Bitcoin [BTC] was front-run by stock traders recently. In fact, the firm’s stock, MTPLF, closed last Friday’s trading session with gains of 26%, soaring from $10.5 to $12.7 on the charts. Source: Metaplanet (MTLPF) performance, TradingView Metaplanet eyes 100k BTC Metaplanet turned from a budget hotel operator and penny stock to a top-performing Japanese stock, thanks to Michael Saylor’s pioneering BTC corporate strategy. According to the firm, the $5.4 billion BTC plan will be executed in 60 days. Right now, Metaplanet has 8,888 BTCs, having made nearly 90% progress on its 10k BTC target in 2025. As per its 2025-2027 plan, the firm is aiming to stockpile 100k BTC to become part of the 1% Bitcoin holders club. Source: Metaplanet To achieve this, the firm will issue over 500 million shares over the next year. Since adopting Bitcoin last April, its stock MTPLF has surged by 100x. In fact, since April 2025 lows, the stock has rallied by over 630%, pumping from below $2 to over $11. Over the same period, BTC saw 33% returns – A sign that MTPLF outperformed BTC by nearly 20x during the Q2 rebound. Interestingly, there has been growing BTC interest in Japan, compared to non-BTC assets. This could be fueling the stock’s remarkable performance. Source: Dylan LeClaire/X Additionally, Simon Gerovich, Metaplanet’s CEO, highlighted that Japanese traders have been leveraging a tax-free platform to accumulate. “Metaplanet was the #1 most bought stock last week via NISA accounts at SBI Securities, Japan’s largest online broker. Japanese investors are using NISA, a tax-free investment scheme, to get exposure to Bitcoin…
Filed under: News - @ June 9, 2025 4:24 pm