Metaplanet Stock Soars as Crypto Rally Ignites Bitcoin Treasury Shares

When crypto markets roar, the ripple effects can send traditional finance scrambling. Case in point: Metaplanet's stock price is catching fire, propelled not by its core business, but by its strategic bet on Bitcoin.

The Treasury Play

Forget boring old bonds or cash reserves. Metaplanet's board made a decisive pivot, allocating a significant portion of its treasury directly into Bitcoin. It's a move that bypasses traditional asset management dogma and directly tethers the company's financial health to the volatile, high-octane crypto market.

Riding the Wave

As Bitcoin rallies, the value of Metaplanet's holdings balloons on its balance sheet. Investors aren't just buying a company; they're buying a leveraged proxy for Bitcoin's price action—without the hassle of managing a private wallet. It's a pure-play bet wrapped in a stock ticker, and right now, that bet is paying off handsomely.

The market's message is clear: in an era of currency debasement, a corporate treasury holding hard digital assets is more attractive than one stuffed with fiat destined to be inflated away by central bankers playing with economic fire. Sometimes, the best corporate strategy is simply to buy what the suits on Wall Street still don't fully understand.

TLDR

• Metaplanet’s stock jumped 10.7% by midday Tuesday in Japan as crypto markets rallied, with its U.S.-traded shares climbing 19.17% on Monday
• The company disclosed it purchased 4,279 BTC in Q4 2024, bringing total holdings to 35,102 BTC worth approximately $3.29 billion
• Other bitcoin treasury stocks also gained, with Strategy (MSTR) up 4.81% and Mara Holdings rising 6.86% on Monday
• Bitcoin climbed above $94,000 briefly on Monday before settling at $93,835, while Ethereum rose 1.85% and XRP surged 12.45%
• U.S. crypto stocks rallied broadly, with Bakkt up 31.47%, Coinbase gaining 7.77%, and several mining stocks posting double-digit gains

Metaplanet shares jumped 10.7% by midday Tuesday in Tokyo. The Japanese bitcoin treasury company rode a wave of crypto market momentum that lifted digital assets and related stocks across the board.

The stock rally followed a 19.17% surge in the company’s U.S.-traded shares on OTC Markets. Those shares closed at $3.12 on Monday.

Bitcoin climbed above $94,000 briefly on Monday before pulling back. At time of reporting, BTC traded at $93,835, up 1.37% over 24 hours. ethereum gained 1.85% to $3,222, while XRP posted a strong 12.45% jump to $2.39.

Metaplanet’s stock move came after the company revealed its latest Bitcoin purchases. The firm disclosed it bought 4,279 BTC during the fourth quarter of 2024. That brought total holdings to 35,102 BTC.

At current market prices, those holdings are worth about $3.29 billion. Simon Gerovich, a key figure at Metaplanet, reflected on how small the company’s bitcoin stack was back in October 2024. The rapid growth shows the company’s confidence in bitcoin as a long-term asset.

The accumulation strategy has been steady rather than aggressive. Metaplanet paced its purchases to avoid causing market disruption. This approach mirrors tactics used by other institutional investors building large crypto positions.

Bitcoin Treasury Stocks Rally Together

Metaplanet wasn’t alone in posting gains. Other major bitcoin treasury companies saw their shares climb on Monday.

Strategy, the company led by Michael Saylor, saw its stock (MSTR) rise 4.81% to $164.72. Mara Holdings jumped 6.86%. These moves reflected growing investor appetite for companies holding bitcoin on their balance sheets.

The broader crypto stock rally extended beyond treasury firms. Bakkt shares surged 31.47% to close at $14.79. The crypto trading and rewards platform posted the biggest gain among major crypto-related stocks.

KindlyMD, which transitioned from healthcare into a bitcoin treasury vehicle, gained 24.38% to finish at $0.51. The Nasdaq-listed company has joined the growing list of firms building bitcoin reserves.

Exchange and Mining Stocks Join Rally

Coinbase shares ROSE 7.77% to $254.92 at closing. Goldman Sachs released a report the same day upgrading Coinbase to a “Buy” rating from “Neutral.” The investment bank cited recent product launches and growing infrastructure revenue as reasons for the upgrade.

Crypto mining stocks also participated in Monday’s rally. American Bitcoin Corp, backed by Eric and Donald TRUMP Jr., jumped 13.48% to $2.02. Bitcoin miner Hut 8 climbed 13.6% to $58.25.

Mining rig manufacturer Canaan added 8.7%. The gains reflected Optimism about mining profitability as bitcoin prices stayed elevated.

Traders rotated back into risk assets as 2026 began. The moves came amid heightened focus on U.S. military operations in Venezuela. Early-year repositioning pushed capital into crypto and related stocks.

Metaplanet’s bitcoin holdings now represent one of the largest corporate crypto treasuries globally. The company has built its position through consistent quarterly purchases since late 2024.