Bitcoin-focused investment company Metaplanet has grown nearly 190% this year, significantly outperforming Japan's largest blue-chip stocks.
On Wednesday, Metaplanet released its Q2 2025 earnings report, showing its performance far exceeded the average growth rate of 7.2% for the Tokyo Stock Price Index (TOPIX) Core 30, which tracks companies like Toyota, Sony, and Mitsubishi Heavy Industries.
Metaplanet's outstanding performance in 2025 is attributed to its aggressive Bitcoin strategy, as the Tokyo-listed company expands its assets through regular Bitcoin purchases.
Investors have high hopes for Metaplanet's Bitcoin strategy. Reports show that by June 2025, the number of shareholders in Metaplanet has grown to over 180,000, a 350% increase since it began accumulating Bitcoin at the end of 2024.
Under the Bitcoin strategy, Metaplanet has outperformed Japan's TOPIX Core 30
In addition to exceeding the average increase of the index, the company has also outperformed some individual stocks.
Reports show that Metaplanet's year-to-date returns surpass those of the best-performing TOPIX Core 30 members, including Mitsubishi, Nintendo, and SoftBank Group, which have all underperformed compared to Metaplanet during the same period.
Other index members such as Japan Tobacco, Mizuho Financial Group, and Tokio Marine Holdings achieved moderate growth, while Toyota and Murata Manufacturing showed slight declines, reflecting differences in market sentiment.
Metaplanet was originally a hotel company and was reshaped into a Bitcoin accumulation tool in 2024, mimicking strategies from the United States. According to the company, it remains the only publicly listed company in Japan offering regulated Bitcoin exposure.
Metaplanet plans to raise $3.7 billion to buy more Bitcoin
Metaplanet had announced plans to acquire 1% of the total Bitcoin supply by 2027, which means plans to purchase 210,000 Bitcoins in the next two years.
To achieve this goal, the company announced on August 1 that it will raise $3.7 billion through a stock issuance. The company stated it will actively pursue equity financing to support its Bitcoin strategy.
In August, the company has already spent over $100 million to purchase Bitcoin. On August 4, Metaplanet bought 463 Bitcoins for $53.7 million and then purchased Bitcoin again for $61.4 million.
