Metaplanet Stock Soars 22% After Ambitious Bitcoin Buying Plan

Shares of Japanese investment firm Metaplanet (3350T) surged at the start of the June 9 trading session, following the company’s announcement of a bold new plan to raise $5.4 billion to purchase Bitcoin. The stock climbed over 12% early in the day, hitting 1,505 yen ($10.42), and peaked at 1,641 yen ($11.36), a 22% jump from the previous session. This surge comes as Metaplanet revises its Bitcoin strategy to target 210,000 BTC by the end of 2027—ten times its original goal. In an announcement dated June 6, Metaplanet unveiled this updated target under a new “stock acquisition rights program,” replacing its previous goal of 21,000 BTC. If the plan succeeds, Metaplanet would become the world’s second-largest corporate Bitcoin holder, trailing only Strategy, led by Bitcoin advocate Michael Saylor. The “555 Million Plan” and Corporate BTC Trend Metaplanet’s revised target forms the foundation of what it calls the “555 million plan,” under which the company aims to acquire 201,112 BTC over the next few years—estimated to cost more than $21 billion at current prices. By the end of 2026, the firm hopes to hold at least 100,000 BTC. Currently, Metaplanet owns 8,888 BTC , including 1,088 acquired in its most recent purchase announced on June 2. This isn’t the first time the firm’s Bitcoin moves have influenced its share price. Since first disclosing BTC purchases in July 2024, Metaplanet’s stock has skyrocketed over 1,700%. It joins a growing list of companies globally adopting BTC as a treasury asset. South Korea’s K Wave Media recently joined the trend, while data from Bitbo shows corporate Bitcoin holdings now exceed three million BTC—about 3.2% of all BTC that will ever exist. Mixed Market Reactions to Bitcoin Strategies While Metaplanet’s shares have responded positively, other companies have experienced mixed outcomes after announcing Bitcoin acquisitions. Paris-based Blockchain Group’s stock rose 225% after BTC buys , and DigiAsia Corp saw a 91% increase. However, Norway’s K33 saw its share price dip by nearly 2% after similar news. Even GameStop, after announcing and executing its Bitcoin purchase , faced volatile market reactions. As Metaplanet pushes ahead with its ambitious acquisition roadmap, investor optimism appears high—but whether this translates into long-term value will depend on Bitcoin’s performance and broader market sentiment. The post Metaplanet Stock Soars 22% After Ambitious Bitcoin Buying Plan appeared first on TheCoinrise.com .

Source: The Coin Rise