Metaplanet Shares Surge After Bitcoin Holdings Cross 10,000 BTC
Metaplanet’s shares surged over 25% in intraday trading on June 16 after the firm disclosed that its Bitcoin holdings had crossed 10,000 BTC. The move extended a broader rally in the stock, which has outperformed most Japanese equities this year amid investor enthusiasm for crypto-aligned corporate strategies.
The latest gain follows a string of Bitcoin purchases over the past year, but the company offered few new details beyond confirming it had accelerated its original timeline. While the milestone was significant, it merely added fuel to an existing narrative—public companies tapping digital assets as treasury alternatives are capturing outsized market attention.
That narrative is growing fast. In recent weeks, several firms have added cryptocurrencies to their balance sheets. SharpLink, following a $425 million investment round led by Consensys, moved to establish a large Ethereum treasury reserve. Gamestop revealed it had acquired 4,710 BTC as part of its revised capital allocation strategy.
Even smaller tech firms like Oblong are shifting toward on-chain reserves, announcing TAO treasury holdings aligned with Bittensor’s decentralized AI platform. Institutional sentiment is leaning toward long-duration assets and programmable stores of value. Subsequently, more companies appear willing to treat crypto not as speculation but strategy.
Metaplanet’s rally, while notable, may be part of a much broader repricing underway.
Metaplanet Hits 12-Year High As Crypto Treasury Bet Pays Off
Metaplanet shares have skyrocketed more than 10,000% since April 2024. This has pushed the stock to levels last seen in 2013. The price surged over 25% on June 16. It closed at $13.15, as the company confirmed it had reached 10,000 BTC in its treasury.
The recent move brings the stock closer to a key technical barrier. A continued surge would force a test of the immediate resistance near $15.05. Flipping that level would put the next upside target near $19 in play. This reinforces the market’s bullish tilt toward companies tying their value proposition to digital assets. The current trend remains steeply vertical, supported by expanding volume and positive momentum.
On the downside, the stock shows support near $9.4. This threshold acted as a consolidation zone during its recent advance. Breaching this level would raise the risk of a corrective move toward the lower support near $5.9 before dip buyers attempt to stabilize the price. The RSI remains above 76, signaling overheated conditions, but has yet to trigger any notable reversal pattern.
Metaplanet’s chart tells a clear story: crypto-aligned treasuries are drawing equity market flows at unprecedented scale. With price action pushing into decade-high territory, volatility is likely to increase—but so is investor focus.
Bitcoin Purchases Drive Explosive Growth
Metaplanet’s recent stock surge reflects an increasingly aggressive Bitcoin accumulation strategy that has reshaped its market profile. The firm made its first Bitcoin purchase on April 8, 2024, committing approximately $6.5 million and triggering an immediate 90% jump in share price.
Since then, it has executed at least 17 additional acquisitions—including 20 BTC in July, 620 BTC in December, and 555 BTC in May—using zero-coupon bonds and stock issuances to fund each tranche.
By June 2025, Metaplanet reached 10,000 BTC in treasury holdings. The scale of accumulation has intensified over time. Between April and July 2024, it added 140 BTC. In March 2025 alone, the firm acquired 1,655 BTC, followed by another 794 BTC in April. A further 1,004 BTC acquisition in mid-May brought its total to 7,800 BTC. The most recent 1,112 BTC purchase completed the 10,000 BTC milestone.
Each announcement has consistently driven large price reactions, often between 10% and 25%. The funding approach—leveraging balance sheet instruments to accumulate Bitcoin—has turned the company into a speculative vehicle for crypto exposure. As Metaplanet targets 210,000 BTC by 2027, its equity will likely continue to track its treasury expansion with high volatility and amplified upside potential.
Metaplanet CEO Simon Gerovich announced that the firm aims to acquire 210,000 BTC by 2027, which would place the firm as the second largest Bitcoin holder, behind Michael Saylor’s Strategy.