Metaplanet’s $12.8B June trading volume tops Toyota and Sony, fueled by its 15,555 BTC treasury, with plans to acquire a digital bank.
Metaplanet, a Japanese investment behemoth, has experienced a significant increase in its stock trading volume, which reached $12.8 billion in June. This increase is attributed to the company’s aggressive accumulation of Bitcoin. Metaplanet is making substantial strides in the financial ecosystem by utilizing its crypto holdings to acquire cash-generating businesses, including a potential digital bank in Japan.
Metaplanet’s trading volume surpasses that of Toyota and Sony
According to a recent report by Reuters, Metaplanet, the largest public holder of Bitcoin in Asia, has experienced substantial growth. The platform’s trading volume increased to 1.86 trillion yen, equivalent to $12.87 billion, in June. With Metaplanet ranking behind Advantest in the prime market, the volume exceeded that of significant Japanese companies, Toyota Motor and Sony Group.
CEO Simon Gerovich, in an X post earlier today, stated that “Metaplanet exceeded the Standard market in trading value in June, with 1.86 trillion yen recorded.” Exceeds the trading volume of prominent Prime market securities, including Sony and Toyota.
Metaplanet’s last day involved the acquisition of 2,205 BTC, which is valued at 31.7 billion yen, as part of its aggressive Bitcoin accumulation strategy. The organization is anticipated to persist in achieving its ambitious objectives of 100,000 BTC by 2026 and 210,000 BTC by 2027.
Metaplanet Inc.’s stock price is 1,565 yen, representing a 0.85% increase as of this writing. The stock price has experienced a significant increase of 16% in the past month and a staggering 337% increase over the past six months.
Metaplanet intends to acquire a digital bank
Metaplanet intends to utilize its assets to acquire cash-generating businesses, potentially including a Japanese digital bank, as part of its Bitcoin strategy. The organization disclosed a prospective decision to use BTC as collateral for financing. Consequently, it could be employed to acquire a digital bank in Japan that provides improved digital banking services.
In a recent interview, CEO Gerovich disclosed the organization’s intention to accumulate Bitcoin at a rapid pace in anticipation of future expansion. He observed,
We think of it as a Bitcoin gold rush. We need to accumulate as much Bitcoin as we can… to get to a point where we’ve reached escape velocity and it just makes it very difficult for others to catch up.
The platform’s Bitcoin Income Generation operation experienced a 42% increase in the second quarter. The company’s unconventional BTC acquisition strategy not only surpassed the revenue projections of the S&P 500 but also enabled it to become the fifth-largest public holder of Bitcoin. Metaplanet, primarily a hotel operator, has diversified into Bitcoin and amassed 15,555 BTC since implementing its cryptocurrency investment strategy in 2024 as an inflation hedge.
This strategic shift emphasizes the company’s dedication to becoming a significant participant in the digital asset space and its confidence in Bitcoin’s long-term potential.
