Metaplanet Elevates Bitcoin Strategy with Record Trading Volume

By: Eva Baxter

Japan-based Bitcoin investment firm, Metaplanet, has reported a remarkable record in terms of trading volume, achieving a daily sum of ¥50.4 billion, approximately $337 million, following its recent acquisition of Bitcoin (BTC). This surge in trading volume not only positions Metaplanet as one of the foremost companies in Japan for trading activity but also sees it surpassing automotive giant Toyota, which holds the highest market cap in the country.

The CEO of Metaplanet, Michael Gerovich, recently verified the achievement on the popular social media platform X, where he emphasized the growing investor confidence that such milestones represent. As a consequence, Metaplanet's stock has seen a significant increase of over 7% in the past day alone and more than 41% since the beginning of the year. According to Google Finance, the stock is currently trading at approximately ¥5,060, or $33.

This impressive trading activity coincided with Metaplanet's general shareholders meeting, which attracted around 1,500 attendees. Gerovich used the occasion to reaffirm the firm’s commitment to Bitcoin, stating, "MetaPlanet will continue to move forward as a Bitcoin pioneer in Japan. The future is Bitcoin. We are just getting started."

Moreover, Metaplanet's increase in activity aligns with its escalated monthly BTC purchases. According to Bitcoin Treasuries data, Metaplanet has added a total of 1,115 BTC through five separate transactions in March, with purchases on March 3 amounting to 156 BTC and subsequent buys further expanding its holdings. These strategic acquisitions have increased Metaplanet’s total Bitcoin holdings to approximately 3,350 BTC, valued at nearly $291 million at present market prices.

Metaplanet’s recent moves have garnered international attention. A particularly notable development is the involvement of Eric Trump, son of former US President Donald Trump, in its strategic advisory board. His addition is anticipated to boost Metaplanet's profile as it aims to extend its influence beyond Japan to a broader global market.

These strategic decisions and growing Bitcoin holdings underscore Metaplanet's ambitious long-term strategy to establish itself as a significant entity in the digital asset industry. The expansion of its asset base and increased strategic involvement suggest that Metaplanet is set on maintaining its momentum as a key player in the ever-evolving cryptocurrency sector.