Metaplanet Releases 2024 Recap, Stock Surge by 2000% Fueled by Bitcoin Acquisition

Tokyo’s public-traded company, Metaplanet, has recorded a very successful year in 2024 as its stock price rocketed by over 2,000% year-to-date.

Interestingly, this progress was made possible because of its aggressive Bitcoin acquisition strategy. Metaplanet turned its attention to Bitcoin this year, taking a page from America’s business intelligence firm, Microstrategy, positioning it as one of the world’s largest corporate Bitcoin holders.

Metaplanet Sees Best Year in Seven Years

In a Dec 31 post on X, Metaplanet disclosed that its stock price jumped by exactly 2,629%, cementing its position as the number 1 company with the highest return in Japan.

According to data from Google Finance, Metaplanet (3350) jumped from a yearly low of ¥160 to a peak of ¥4,080. However, at the time of writing, the stock price now trades at ¥3,480.

Moreover, Metaplanet’s report showed that the was company positioned as the #1 with market cap growth in Japan with ¥126.21 billion (worth $808.4 million).

With its strategic Bitcoin purchase, Metaplanet now holds 1,761 BTC, valued at $165.9 million, making it the 15th-largest corporate Bitcoin holder globally and the first in Japan.

Interestingly, Metaplanet closes 2024 as the most profitable year since 2017, from total revenue of ¥270 million in that year to ¥890 million as of December 31.

Notably, its trading volume also surged 388x year over year as a result of increasing demand from over 50,000 shareholders.

These metrics underscore the visible impact of Bitcoin investments on corporate firms. It is worth mentioning that Microstrategy‘s stock is up 342% year to date, currently trading at #302.96.

Institutional Investors Fuel Bitcoin Momentum

In 2024, Bitcoin’s demand by institutional investors played a major role in the coins’ trajectory. Following the approval of a spot Bitcoin ETF in January, the flagship cryptocurrency began its journey to new heights.

Corporate entities and whale investors played their part with massive Bitcoin accumulations, triggering a wave of bullish sentiment in the market.

These events, coupled with the market-favorable outcome of the November elections, Bitcoin rose to its all-time high of $108,000, achieved on December 17. Experts have already predicted a possible surge to $200k in 2025 as the new Trump administration takes over.

Ultimately, 2024 would go down in history books as the year of “Bitcoin in suit and tie.”