BTC reserves are being realized, the king of holding coins in Asia, Metaplanet's stock price has doubled in a month

On May 20, the stock price of Japanese listed company Metaplanet soared past 780 yen, with a single-day increase of 14.6%, and doubled in the past month. The company's CEO, Simon Gerovich, revealed that Metaplanet has become one of the most shorted stocks in the Japanese market.

This situation inevitably brings to mind the American company Strategy (formerly MicroStrategy), which was the first to include Bitcoin on its corporate balance sheet. This decision not only brought financial success to itself but also triggered a wave of traditional enterprises embracing crypto assets worldwide. However, as its market value rose, Strategy also became a key target for short sellers. Now, Metaplanet seems to be replaying this script of bullish and bearish confrontation, writing its own legend driven by a Bitcoin strategy.

Metaplanet: Financial breakthrough under Bitcoin strategy

The reason Metaplanet boldly established Bitcoin as a core treasury asset is by no means an impulsive decision. Behind this is a deep understanding and forward-looking judgment of the increasingly complex global financial environment.

As a local Japanese company, Metaplanet is facing the dual dilemma of continued yen depreciation and long-term coexistence with ultra-low interest rates, making it difficult for traditional assets to achieve effective preservation and appreciation in this context. Bitcoin, with its scarcity, decentralization, and resistance to censorship, has become a powerful hedging tool—not only to hedge against inflation but also to combat the uncertainty of monetary policy.

Starting in 2024, with the assistance of Sora Ventures, Metaplanet began to continuously buy Bitcoin through stock issuance and bond financing, becoming Japan's first publicly listed company to hold a large amount of Bitcoin. This not only marks its firm step towards the global crypto economy but also sets a groundbreaking example for Japanese companies in the field of digital assets.

Metaplanet's financial report for the first quarter of 2025 fully confirms the effectiveness of this strategy. The report shows that the company's revenue reached 6.139 million USD, a quarter-on-quarter increase of 8%, and a year-on-year surge of 943%; net profit reached 4.151 million USD, with a quarter-on-quarter increase of 11%. Among them, 88% of the profit comes from Bitcoin options trading, highlighting that crypto assets have become the backbone of its income structure.