Metaplanet Inc. (Tokyo Stock Exchange code: 3350), has completed its strategic transformation from a traditional hotel operator to a Bitcoin reserve company since 2024, rapidly emerging as the most watched "crypto concept stock" in the Japanese market.
Bitcoin Holdings Progress
-First Purchase: In May 2024, first purchased 117.7 BTC, valued at approximately $7.2 million;
-Latest Holdings: As of June 2, 2025, holdings increased to 8,888 BTC;
-Total Purchase Cost: Approximately 122.27 billion yen (equivalent to about $783 million / 5.673 billion yuan);
-Average Purchase Price: Around $88,045 / 638,300 yuan per BTC.
Stock Market Performance and Financing
-Stock Price Increase: From June 2024 to June 2025, stock price rose from 58 yen to 1,432 yen, with an annual increase of +1,983%;
-Active Trading: On June 3, 2025, ranked first in trading amount & volume on the Tokyo Stock Exchange;
-Financing Method: Financing through zero-interest bonds + warrants combination, accelerating BTC purchases and optimizing capital structure;
-Key Indicator: "BTC Yield Rate" as a new KPI, reached 66.3% in Q2 2025.
Why Do Japanese Prefer Metaplanet Over Direct Crypto Buying?
Analysis summary from @_FORAB:
-Heavy Tax Burden: Direct crypto buying is considered "miscellaneous income", with up to 45% + 10% tax, while stocks are taxed at 20%;
-Indirect Crypto Holding More Advantageous: By holding Metaplanet stocks, tax rate drops to 15% + 5%;
-Investment Experience Difference: Crypto account opening is complicated and regulated, while stock buying is more convenient;
-Trend Emerging: Under strict regulation, "buying stocks to hold crypto" has become a new consensus among Japanese retail investors, with Metaplanet becoming a FOMO hotspot.
