Bitcoin-focused investment strategy propels Tokyo-listed firm ahead of TOPIX Core 30 index members
Metaplanet, a Tokyo-listed Bitcoin investment company, has delivered a remarkable 190% year-to-date (YTD) gain in 2025 — eclipsing Japan’s largest and most liquid companies tracked by the TOPIX Core 30 index. This performance sharply contrasts with the index’s 7.2% average gain, which includes household names like Toyota, Sony, and Mitsubishi Heavy Industries.
The company’s Q2 2025 earnings report, released Wednesday, confirmed that Metaplanet’s rally has not only outpaced the benchmark index but also surpassed the returns of its top-performing members, including Mitsubishi, Nintendo, and SoftBank Group. While these blue-chip stocks posted double-digit gains, they still lagged far behind Metaplanet’s meteoric rise.
Other index constituents, such as Japan Tobacco, Mizuho Financial Group, and Tokio Marine Holdings, recorded modest gains. Meanwhile, major players like Toyota Motor Corp and Murata Manufacturing saw slight declines, underscoring a growing divergence in investor sentiment.
Metaplanet’s transformation began in 2024 when it rebranded from a hospitality firm into a Bitcoin accumulation vehicle, adopting a strategy similar to the U.S.-based corporate playbook for crypto treasury management. According to company data, it is the only public firm in Japan offering regulated Bitcoin exposure within a listed equity framework.
The report also revealed a surge in investor interest, with the number of shareholders climbing to over 180,000 by June 2025 — a 350% increase since launching its Bitcoin strategy in late 2024. “Investor enthusiasm reflects strong conviction in our long-term Bitcoin plan,” the company noted.
Looking ahead, Metaplanet has set an ambitious target: acquire 1% of Bitcoin’s total supply by 2027, equivalent to 210,000 BTC. To fund this, the firm announced on August 1 that it will raise $3.7 billion through a stock offering, adding to its aggressive purchasing pace. In August alone, Metaplanet spent over $100 million on Bitcoin, including a 463 BTC buy for $53.7 million on August 4, followed by a $61.4 million purchase days later.
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This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.