Japanese company Metaplanet has significantly strengthened its market position after transitioning to the Bitcoin standard in April 2024, leading to a sharp increase in both market cap and trading volume.
Metaplanet's Market Cap Surge
In April 2024, Metaplanet adopted the Bitcoin standard, resulting in a 7000% increase in its market capitalization. According to CEO Simon Gerovich, the company is now ranked among the top 50 in trading volume among approximately 4,000 listed companies in Japan. High liquidity indicates significant investor interest and increases the efficiency of fundraising.
Plans for Expanding Bitcoin Holdings
Metaplanet plans to acquire 21,000 BTC by 2026. To fund this purchase, the company will issue 21 million shares to raise approximately $745 million, marking Asia’s largest equity capital raise for Bitcoin.
Achievements of 2024
In 2024, Metaplanet achieved a record BTC Yield of 309.82% in Q4. By year-end, the company held 1,761 Bitcoin, valued at over ¥27.7 billion (around $178 million). Following the acceptance of the Bitcoin plan, the number of the company's shareholders rose to more than 50,000.
The transition to the Bitcoin standard has significantly strengthened Metaplanet's position in the Japanese market, providing the company with increased market capitalization and opportunities for further development in the cryptocurrency sector.
