Metaplanet's Bitcoin Bet Pays Off: Market Cap Surges 4600x

Metaplanet, a Japanese firm, has seen a remarkable surge in its market capitalization following its adoption of the Bitcoin (BTC) Standard in April 2024. The company's CEO, Simon Gerovich, recently shared that Metaplanet is now ranked among the top 50 in terms of trading volume among the approximately 4,000 listed companies in Japan. This significant increase in trading volume, which is up 4,600 times on a year-over-year basis, has also led to high liquidity, a sign of investor interest and more efficient fundraising.

Metaplanet's daily trading volume in January 2025 exceeded $2 billion, further demonstrating the company's growing popularity and investor confidence. Building on this momentum, Metaplanet plans to buy 21,000 BTC by 2026, aiming to become one of the largest corporate holders of Bitcoin. To fund this ambitious project, the company is issuing 21 million shares to raise about $745 million, which would be Asia's largest equity capital raise for Bitcoin.

In 2024, Metaplanet achieved a record BTC Yield of 309.82% in the fourth quarter. By the end of the year, the firm had accumulated 1,761 Bitcoin, worth over ¥27.7 billion (around $178 million). Following the acceptance of the Bitcoin plan, the number of Metaplanet's shareholders jumped to more than 50,000, indicating a strong interest in the company's Bitcoin-focused strategy.