Metaplanet Inc. ($MTPLF) has claimed the top spot in Japan’s stock market, ranking #1 by both trading value and volume for the first time ever. The company’s unconventional Bitcoin treasury strategy has drawn significant investor attention, fueling speculation about its long-term impact.
Bitcoin treasury company Metaplanet has claimed the top spot in Japan’s stock market, ranking number one in both trading value and volume. This is the first time in history that the company has claimed that spot.
Trading volume for Metaplanet stock ($MTPLF) has seen a sharp increase in recent days, reaching 7.47 million shares today. For comparison, usually the stock averages 4.23 million in trading volume.
The surge in activity follows the company’s decision to allocate reserves to Bitcoin, a move reminiscent of MicroStrategy’s corporate playbook. While the approach is unorthodox in Japan’s financial landscape, interest in Bitcoin-centric investment models continues to grow.
Since kickstarting its Bitcoin treasury journey in April 2024, Metaplanet has rapidly raised funds to invest in $BTC. As of right now, the Japanese company owns 7,800 BTC valued at $824,369,341 in today’s exchange rate.
The company has also been opening up its brand to outside of Asia. In March of this year, Metaplanet welcomed entrepreneur and son of the U.S. President, Eric Trump, to its board of strategic advisory board.
As of right now, Metaplanet owns the 8th-largest Bitcoin treasury among public traded companies. In around a year, the Japanses firm managed to gather more BTC than industry powerhouses like Coinbase and the Blockchain Group.
For readers exploring new exchanges, WEEX is currently offering early users a chance to claim up to 100 USDT just for signing up and verifying — no strings attached.
