Metaplanet Sees Record $142M Trading Day Following Bitcoin Acquisition

• Metaplanet set a historic trading volume of ¥21.9 billion, outpacing major Japanese corporations.
• The company’s aggressive Bitcoin acquisition strategy, combined with new debt offerings, has driven strong investor interest.
• Metaplanet launched a new debt offering to fund additional Bitcoin purchases, reinforcing its growth strategy.

Metaplanet has recorded a notable surge in trading activity, setting a new record in trading volume.

This unprecedented surge has propelled the company to the forefront of the Japanese stock market, outperforming major industry players.

Metaplanet Sees Record Trading Volume

Metaplanet achieved a new milestone in trading, with its total volume reaching ¥21.9 billion ($142 million). This performance placed the company 29th among Japan’s 4,000 listed firms by trading value, surpassing well-established names like Itochu and NTT.

The surge in trading activity is largely attributed to Metaplanet’s ongoing strategy of Bitcoin acquisitions and a series of new debt offerings aimed at boosting its purchase power.

On Tuesday, Nov. 19, Metaplanet’s stock (ticker: 3350.T) opened at ¥2,034, fluctuating between ¥2,006 and ¥2,330 before closing closer to the day’s high.

The company’s market capitalization stands at approximately ¥83.22 billion, supported by a trading volume of 9.9 million shares, well above the average of 2.7 million.

Metaplanet has displayed notable volatility, with its 52-week range spanning from ¥140 to ¥3,000. Investor confidence is reflected in the stock’s remarkable 1,250% gain in 2024, highlighting its strong performance this year.

Bitcoin Purchases Drive Stock Growth

Metaplanet is ramping up its Bitcoin acquisition strategy to elevate its stock performance further. Recently, the company announced the purchase of 124.117 BTC for ¥1.75 billion ($11.3 million), buying at an average price of ¥14 million per Bitcoin.

As of Nov. 19, 2024, Metaplanet’s total Bitcoin holdings have reached 1,150 BTC, acquired for approximately ¥11.37 billion ($73 million), with an average purchase price of ¥10 million per Bitcoin. This has resulted in an impressive quarter-to-date yield of 187% on its BTC holdings.

To fuel future acquisitions, Metaplanet issued one-year bonds worth ¥1.75 billion, offering a modest interest rate of 0.36%. These funds will be allocated to further Bitcoin purchases, continuing the company’s strategy to bolster its Bitcoin portfolio.