Metaplanet Inc. (3350.T) shares surge 12% after firm confirms major Bitcoin acquisition

Metaplanet Inc. shares surged 12% on the Tokyo Stock Exchange after the firm confirmed a major Bitcoin acquisition. The company revealed it purchased 1,004 BTC

Metaplanet Inc (3350.T) shares surged 12% on Monday, pushing the Tokyo-listed firm's stock to its highest since February. The move came after the company confirmed a major Bitcoin purchase and brought its total holdings to 7,800 BTC.

Here's what happened:

* The company bought 1,004 Bitcoin for a total of $104 million at an average price of $97,182.

* This brought the total value of its Bitcoin treasury to about $712.5 million.

* The company's latest purchase comes as Bitcoin crossed the $100,000 mark amid a broader optimism in global financial markets.

* Earlier this year, Metaplanet surpassed El Salvador's Bitcoin holdings with a 1,241 BTC buy. The company bought those coins at $101,843 each, for a total of nearly $129 million, placing the Tokyo-listed firm ahead of the Central American nation, which holds 6,714 BTC.

* The company appears to be deliberately and systematically building its reserves. CEO Simon Gerovich has set a target of 10,000 BTC by the end of 2025.

* So far, Metaplanet has achieved 78% of this goal, showing steady progress in line with its stated plans.

The company tracks its Bitcoin Treasury Operations using specific key indicators: BTC Yield and BTC Gain. BTC Yield reflects the percentage growth of Bitcoin held per fully diluted share over each quarter. From April 1 to May 19, 2025, the company reported a BTC Yield of 47.8%.

Earlier, the company recorded a BTC Yield of 95.6% in Q1 2025 and 309.8% in Q4 2024. These gains help evaluate the growth in Bitcoin holdings independent of share dilution. Moreover, BTC ¥ Gain converts these results into local currency to show a clearer financial impact for shareholders.

Metaplanet has used these metrics to show the effectiveness of its Bitcoin strategy. BTC Gain helps isolate real growth, while BTC ¥ Gain translates that into yen terms. This system supports transparency and aligns with U.S.-style capital market disclosures.

To support its Bitcoin purchases, Metaplanet completed several capital market moves. On May 13, the firm issued $15 million in zero-coupon bonds to EVO FUND, maturing in November 2025. The proceeds funded early redemptions of prior bond series.

Additionally, the company completed early repayments for $25 million and $21.25 million bonds issued earlier in May. These redemptions were financed through exercised stock acquisition rights. The moves ensured that the firm maintained balance sheet flexibility while expanding its crypto reserves.

Between May 1 and May 16, the firm issued over 94 million new shares through exercised acquisition rights. The total number of issued shares stood at 593.2 million as of May 16. This expansion allowed the company to keep up with its aggressive Bitcoin treasury strategy.

output: TLDR

Metaplanet Inc shares surged 12% on Monday, pushing the Tokyo-listed firm's stock to its highest since February as a major Bitcoin purchase lifted investor sentiment.

The company confirmed an additional purchase of 1,004 BTC, bringing its total holdings to 7,800 BTC. The latest purchase was made at an average price of $97,182, for a total of $104 million.

This brings the total value of its Bitcoin treasury to about $712.5 million. The sharp price rise came as Bitcoin crossed the $100,000 mark amid a growing optimism in global financial markets.

Earlier this year, Metaplanet surpassed El Salvador's Bitcoin holdings with a 1,241 BTC buy. The company bought those coins at $101,843 each, for a total of nearly $129 million, placing the Tokyo-listed firm ahead of the Central American nation, which holds 6,714 BTC.

The company appears to be deliberately and systematically building its reserves. CEO Simon Gerovich has set a target of 10,000 BTC by the end of 2025.

So far, Metaplanet has achieved 78% of this goal, showing steady progress in line with its stated plans.

The firm tracks its Bitcoin Treasury Operations using specific key indicators: BTC Yield and BTC Gain. BTC Yield reflects the percentage growth of Bitcoin held per fully diluted share over each quarter. From April 1 to May 19, 2025, the company reported a BTC Yield of 47.8%.

Earlier, the company recorded