Metaplanet stock jumps 19% as it buys the dip with 497 Bitcoin purchase

Japanese investment firm Metaplanet has bought another $44 million worth of Bitcoin, which has seen its stock jump by 19% on the day so far.

Metaplanet CEO Simon Gerovich said in a March 5 X post that the firm bought 497 Bitcoin (BTC $87,104) at around $88,448 per coin for a total spend of $43.9 million. He added the company has achieved a year-to-date yield of 45%.

The company’s March 5 disclosure said its latest purchase brings its total Bitcoin holdings to 2,888 BTC at an average purchase price of $84,240 per coin. The stash is worth around $251 million, with Bitcoin trading at around $87,150.

Bitcoin has fallen around 8.5% in the past 14 days and hit a three-month low of under $79,000 on Feb. 28 amid concerns of a looming trade war from US President Donald Trump’s planned tariffs.

Metaplanet’s stock price on the Tokyo Stock Exchange was up 19% by 2 pm local time on March 5 and was trading around 3,985 Japanese yen ($26.60), according to Google Finance.

Metaplanet stock March 5. Source: Google Finance

Its stock had taken a hit over the past trading week as Bitcoin tanked, but remains one of the best performers over the last 12 months, increasing over 1,700%.

Metaplanet’s latest buy is its second purchase this week, having scooped up 156 BTC on March 3. Gerovich said at the time that the firm was exploring a potential listing outside of Japan, such as in the US.

Metaplanet has acquired 794.5 BTC so far this year and reported gains of around $66 million on those purchases in Q1 2025. It aims to accumulate 21,000 BTC by 2026 as part of its broader strategy to lead Japan’s Bitcoin renaissance. 

These latest acquisitions have propelled Metaplanet to become the 12th-largest corporate Bitcoin holder globally and the largest in Asia, having surpassed Hong Kong gaming firm Boyaa Interactive International, according to BiTBO.

Source: Simon Gerovich

Gerovich met with officials at the New York Stock Exchange and Nasdaq in late February to introduce the firm’s “platforms and functions.” “We are considering the best way to make Metaplanet shares more accessible to investors around the world,” he said on X on March 3.