Metaplanet Stock Hits Record Volume as Bitcoin Proxy Play Surges

Metaplanet Inc. has recorded the highest trading volume in its history. This underlines its growing reputation as Japan’s version of MicroStrategy. The company is listed on the Tokyo Stock Exchange under ticker 3350.T. It has become a proxy for investors seeking exposure to Bitcoin. CEO Simon Gerovich confirmed the milestone, posting on X that the company’s stock had hit record trading levels. 

A Bloomberg Terminal chart shared alongside the announcement showed daily trading volume reaching 175 million shares. It surpasses all prior records for the company. The surge in activity reflects heightened investor interest in Metaplanet’s aggressive Bitcoin strategy. The company has tied its long term outlook directly to the performance of the crypto. This makes its stock highly sensitive to Bitcoin price movements.

Stock Price Volatility

The volume dwarfed the stock’s recent averages of around 20-40 million shares per day. It even surpassed earlier 2025 spikes of over 100 million shares. The sharp increase marks the single busiest trading day for the company year-to-date. It signals a renewed wave of investor interest. Many are treating Metaplanet as a de facto Bitcoin proxy on the Tokyo Stock Exchange.

Metaplanet Inc. Bloomberg Terminal chart on September 10, 2025, shared by @gerovich

Trading activity had cooled through the summer. With volumes retreating in July and August. The September breakout suggests anticipation around the company’s financing plans. Also, the future Bitcoin acquisitions have reignited momentum.

International Offering Raises $1.4 Billion

The record trading session comes just a day after Metaplanet finalized its international share offering. Initially set at 180 million underwritten shares. The deal was upsized to 385 million shares due to strong investor demand. The offering raised JPY 205 billion (around USD 1.4 billion). The company has earmarked primarily for additional Bitcoin purchases. 

Gerovich confirmed in a separate post that “more Bitcoin purchases [are] incoming,” highlighting the fresh capital. That will significantly expand Metaplanet’s already substantial holdings. This move positions Metaplanet to strengthen its role as one of the largest corporate Bitcoin holders in Asia. The company’s strategy mirrors that of U.S.-based MicroStrategy. This has accumulated Bitcoin as the central pillar of its treasury reserve policy.

Market Context

The timing of the fundraising and trading surge is significant. Bitcoin markets have seen renewed volatility in recent weeks. It draws attention back to companies with direct exposure to crypto. Metaplanet’s announcement of expanded fundraising has reinforced its reputation as a bold bet on Bitcoin’s long-term potential. For Japanese investors, the company provides one of the few listed equity routes. Which gain indirect Bitcoin exposure through traditional financial markets. As a result, its shares have become a focal point for speculative trading. As reflected in the record-breaking daily volume.

Broader Implications

Metaplanet’s rise underscores the increasing overlap between traditional equities and digital asset markets. By aligning its corporate strategy with Bitcoin. The firm has carved out a unique position within Japan’s financial ecosystem. Analysts suggest that the company’s trajectory could influence other listed firms. In the region, to adopt similar treasury strategies. The upsized fundraising round signals strong investor appetite for businesses. They are integrating Bitcoin into their growth models, even amid ongoing volatility.

Still, risks remain. The company’s fortunes are tied closely to the unpredictable movements of Bitcoin. This leaves it vulnerable during prolonged downturns. However, supporters argue that the record trading activity. Which successful fundraising is proof of confidence in Metaplanet’s strategy and Bitcoin’s long-term role in global finance.

Outlook

With fresh capital secured and trading activity at historic levels, Metaplanet is expected to accelerate its Bitcoin accumulation in the months ahead. The company’s pivot has already delivered outsized returns to shareholders over the past year. But its future remains closely tethered to Bitcoin’s performance. Currently, Metaplanet has reinforced its status as Japan’s leading Bitcoin proxy play. It’s record-breaking trading session, combined with the scale of its latest fundraising. This positions the company to play a more prominent role in the global conversation around corporate Bitcoin adoption.