Metaplanet has risen in market capitalization beyond Kioxia Holdings and has hit $ 6.9 billion after the shares shot nearly 400% in less than two months.
Ametaplanet Inc., a Japanese company that is known for its aggressive Bitcoin (BTC) accumulation strategy, has overtaken Chip maker Kioxia Holdings Corp. In market capitalization and more than ¥ 1 trillion ($ 6.9 billion) became almost 400% in less than two months. This increase has also pushed the company before prominent Japanese companies such as Screen Holdings and Tokyo Metro in terms of appreciation.
The last jump of 26% came on Monday after metaplanet made public It bought ¥ 16.9 billion from Bitcoin. The acquisition was funded by a newly published \ $ 210 million bond to EVO Fund, as announced on 16 June. These bonds, which have no interest, will grow up in December, although they can be exchanged before that date.
Nevertheless, skepticism continues to exist. From 12 June, short interest rates reached 23% of the free float of Metaplanet-De highest under medium-sized Tokyo-granted companies.
Metaplanet began to acquire Bitcoin in May last year in response to Japan’s economic struggle, in particular the weakening yen. Since then, the company is rapidly expanding its Bitcoin Holdings. According to the announcement of 6 June, the company wants to collect at least 210,000 BTC by 2027, while it also increases its annual acquisition goal for 2026 from 21,000 BTC to 100,000 BTC.
According to the company’s “2025-2027 Bitcoin plan”, Metaplanet plans to grow Bitcoin reserves to 30,000 BTC towards the end of this year. To finance these acquisitions, the company is planning to issue 555 million shares to attract the necessary capital.
