Metaplanet overtakes McDonalds Japan by market cap
Metaplanet Stock Soars 20% on $5.4B Bitcoin Bet
Metaplanet’s stock surged 20% on Monday on the Tokyo Stock Exchange after the company unveiled a $5.4 billion fundraising initiative aimed at dramatically expanding its Bitcoin holdings.
The firm intends to acquire up to 210,000 BTC—approximately 1% of the total supply—by the end of 2027, reports CoinGape.
The plan includes issuing 5.55 billion new shares via floating strike price warrants, a move leveraging investor appetite and the firm’s stock volatility. With this strategy, Metaplanet is doubling down on its Bitcoin standard, first adopted in May 2024, and which has since propelled the stock 2,000% higher.
Metaplanet valuation eclipses McDonald’s Japan
With Monday’s rally, Metaplanet stock hit a new yearly high of 1,638 JPY, lifting the firm’s market cap to nearly 1 trillion JPY, overtaking McDonald’s Japan, valued at around 800 billion JPY. The company now holds 8,888 BTC in its treasury and has become a dominant force on Japan’s Standard Market, commanding 70% of all trading volume according to CEO Simon Gerovich.
Interest from retail investors has also surged, with Metaplanet becoming the most purchased stock on SBI Securities via Japan’s tax-advantaged NISA accounts, reflecting growing demand for indirect Bitcoin exposure.
U.S. momentum and price targets fuel bullish outlook
Metaplanet’s U.S.-listed shares (MTPLF) have mirrored the explosive growth seen in Tokyo, with analysts forecasting a 5x rally to $50 by year-end—contingent on Bitcoin reaching $200,000. Bitcoin strategist Dylan LeClair cited rising Google Trends interest in Japan, reinforcing the company’s expanding retail profile.
As a publicly traded Bitcoin proxy with an ambitious roadmap and strong institutional interest, Metaplanet is positioning itself as a bellwether for Bitcoin’s integration into traditional capital markets. If the firm’s acquisition targets are met, it could become the second-largest corporate BTC holder, rivaling even MicroStrategy.
Recently we wrote that according to recent data, 16 companies have already added the digital asset to their treasuries, with five of them collectively investing $10.2 million.
