#MetaplanetBTCPurchase Bitcoin Buyer Metaplanet Is Now Bigger Than Chipmaker Kioxia
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Bloomberg
Metaplanet, the Bitcoin buyer, is now bigger than chipmaker Kioxia
Yasutaka Tamura
Mon., June 16, 2025, at 4:29 a.m. GMT-4 1 minute read
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(Bloomberg) -- Metaplanet Inc., the Japanese hotelier turned Bitcoin buyer, has surpassed memory chip manufacturer Kioxia Holdings Corp. in terms of market capitalization, as shares soared nearly 400% in less than two months, capitalizing on the global cryptocurrency surge.
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Metaplanet's market value surpassed ¥1 trillion ($6.9 billion) for the first time on Monday, extending gains that also saw it overtake chipmaker Screen Holdings Co. and Tokyo Metro Co., operator of one of the largest subway systems in the world.
Shares surged 26% on Monday after announcing the purchase of Bitcoin worth 16.9 billion yen, reaching a record of $111,980 on May 22. Metaplanet plans to raise about $5.4 billion to increase its Bitcoin reserves. The company is part of the growing group of publicly traded entities worldwide that have followed the strategy of Strategy, the software maker that has accumulated over $60 billion in the original digital asset.
