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Metaplanet Inc. (MTPLF) is now one of the most-watched stocks in Asia and among US crypto investors. Once a modest Tokyo hotel operator, Metaplanet has transformed into Asia’s most aggressive corporate Bitcoin accumulator, mirroring the playbook of MicroStrategy. In 2025, the company’s bold Bitcoin treasury strategy, extreme volatility, and global expansion have made it a headline-grabbing story in both traditional finance and crypto circles.
Live MTPLF Stock Price & Chart (NASDAQ)
📰 2025 News: Bitcoin Treasury, Explosive Volatility & US Expansion
🚀 Bitcoin Treasury Strategy: In 2025, Metaplanet’s Bitcoin holdings soared to over 7,800 BTC, worth more than $800 million. The company’s stated goal is to reach 10,000 BTC by year-end, using a mix of equity, zero-interest bonds, and innovative derivatives to fund purchases.
💸 Aggressive Financing: Metaplanet has raised more than $135 million in 2025 alone through zero-interest bonds—often with no collateral or administrator, a testament to investor faith in the Bitcoin thesis. Major backers include Evo Fund, which has subscribed to multiple bond rounds.
🏦 US Subsidiary: In May 2025, Metaplanet launched “Metaplanet Treasury Corp.” in Florida, aiming to raise up to $250 million to expand its Bitcoin buying power and tap US capital markets. This move is designed to attract institutional investors and enable 24/7 global operations.
📈 Stock Price Surge: MTPLF shares have soared over 427% in the past year, with a 52-week range from $1.51 to $16.00. The stock hit a new high of $8.85 on May 28, 2025, before closing at $8.44. Trading volume has exploded, with daily turnover exceeding 30 million shares during major news events.
⚡ Short Squeeze & Volatility: Metaplanet is now Japan’s most shorted stock. Hedge funds are betting against its Bitcoin-first strategy, while believers see a historic short squeeze in the making. The stock’s extreme volatility has led to multiple trading halts on the Tokyo Stock Exchange.
Metaplanet (MTPLF) Full Price History & Charts
💸 Aggressive Financing: Metaplanet has raised more than $135 million in 2025 alone through zero-interest bonds—often with no collateral or administrator, a testament to investor faith in the Bitcoin thesis. Major backers include Evo Fund, which has subscribed to multiple bond rounds.
🏦 US Subsidiary: In May 2025, Metaplanet launched “Metaplanet Treasury Corp.” in Florida, aiming to raise up to $250 million to expand its Bitcoin buying power and tap US capital markets. This move is designed to attract institutional investors and enable 24/7 global operations.
📈 Stock Price Surge: MTPLF shares have soared over 427% in the past year, with a 52-week range from $1.51 to $16.00. The stock hit a new high of $8.85 on May 28, 2025, before closing at $8.44. Trading volume has exploded, with daily turnover exceeding 30 million shares during major news events.
⚡ Short Squeeze & Volatility: Metaplanet is now Japan’s most shorted stock. Hedge funds are betting against its Bitcoin-first strategy, while believers see a historic short squeeze in the making. The stock’s extreme volatility has led to multiple trading halts on the Tokyo Stock Exchange.
📊 Price History, Market Cap & Shareholder Returns
💹 Stock Performance: MTPLF has delivered a 20,000%+ gain in the past year, making it one of the best-performing stocks globally. The 52-week range is $1.51–$16.00, with the latest close at $8.44 (May 28, 2025). Market cap stands at roughly $4.8 billion.
📉 Volatility: The stock has seen daily swings of over 40%, with May 2025 featuring a -40.7% drop followed by a +107.7% rebound. Trading halts have become routine.
💰 Premium to BTC: Analysts warn that Metaplanet’s stock price often trades at a massive premium to the net asset value (NAV) of its Bitcoin holdings—sometimes implying a BTC price of $500,000+ per coin. This “NAV distortion” is a key risk for investors seeking pure Bitcoin exposure.
🏆 Shareholder Value: Metaplanet’s “BTC Yield” KPI measures growth in BTC per share. The company targets a 35% quarterly BTC yield in 2025, aiming to outperform Bitcoin itself for shareholders.
Metaplanet Q1 2025 Earnings & Bitcoin Strategy
📉 Volatility: The stock has seen daily swings of over 40%, with May 2025 featuring a -40.7% drop followed by a +107.7% rebound. Trading halts have become routine.
💰 Premium to BTC: Analysts warn that Metaplanet’s stock price often trades at a massive premium to the net asset value (NAV) of its Bitcoin holdings—sometimes implying a BTC price of $500,000+ per coin. This “NAV distortion” is a key risk for investors seeking pure Bitcoin exposure.
🏆 Shareholder Value: Metaplanet’s “BTC Yield” KPI measures growth in BTC per share. The company targets a 35% quarterly BTC yield in 2025, aiming to outperform Bitcoin itself for shareholders.
🚀 Business Model, Bitcoin Manifesto & Revenue Streams
🏨 From Hotels to Hodling: Metaplanet began as a hospitality company but pivoted in 2023 to become a Bitcoin-first public company. Its hotel business now generates just 12% of revenue, with 88% coming from Bitcoin option sales and yield strategies.
📜 Bitcoin Manifesto: In May 2024, Metaplanet’s board officially adopted Bitcoin as its core asset and accounting unit. The “Bitcoin Manifesto” guides all capital market activity, prioritizing Bitcoin accumulation and yield maximization.
💡 Innovative Financing: The company uses moving-strike warrants (diluting only when the stock rises), zero-interest bonds, and cash-secured Bitcoin options to fund BTC purchases. This feedback loop—raise capital, buy Bitcoin, stock rises, raise more capital—has enabled rapid accumulation.
🧑💼 Leadership: CEO Simon Gerovich has expanded the strategic advisory board to include crypto leaders like David Bailey (Bitcoin Magazine) and Eric Trump, signaling global ambitions.
Metaplanet's Bitcoin Story: Hotels to Hodling
📜 Bitcoin Manifesto: In May 2024, Metaplanet’s board officially adopted Bitcoin as its core asset and accounting unit. The “Bitcoin Manifesto” guides all capital market activity, prioritizing Bitcoin accumulation and yield maximization.
💡 Innovative Financing: The company uses moving-strike warrants (diluting only when the stock rises), zero-interest bonds, and cash-secured Bitcoin options to fund BTC purchases. This feedback loop—raise capital, buy Bitcoin, stock rises, raise more capital—has enabled rapid accumulation.
🧑💼 Leadership: CEO Simon Gerovich has expanded the strategic advisory board to include crypto leaders like David Bailey (Bitcoin Magazine) and Eric Trump, signaling global ambitions.
🌎 Global Expansion, US Subsidiary & Institutional Push
🌐 US Market Entry: The launch of Metaplanet Treasury Corp. in Florida is designed to access deeper US capital markets and institutional investors. The goal: raise $250 million, buy more Bitcoin, and operate 24/7 globally.
📈 Institutional Support: Top holders include Capital Research, Vanguard, BlackRock, and Evo Fund. The company is now Asia’s largest public Bitcoin holder and ranks in the global top 10.
🏦 Peer Comparison: Metaplanet’s model is being watched as a template for future corporate Bitcoin treasuries, especially in Asia. Its moves are closely followed by Michael Saylor and the global Bitcoin community.
Metaplanet Raises $50M in Zero-Interest Bonds for Bitcoin
📈 Institutional Support: Top holders include Capital Research, Vanguard, BlackRock, and Evo Fund. The company is now Asia’s largest public Bitcoin holder and ranks in the global top 10.
🏦 Peer Comparison: Metaplanet’s model is being watched as a template for future corporate Bitcoin treasuries, especially in Asia. Its moves are closely followed by Michael Saylor and the global Bitcoin community.
📉 Risks, Short Interest & What to Watch
⚠️ Extreme Volatility: MTPLF’s price can swing 40–100% in a single day. Trading halts are frequent. This is not a stock for risk-averse investors.
📉 Short Squeeze Risk: As Japan’s most shorted stock, Metaplanet could see historic short squeezes if Bitcoin rallies or institutional buyers step in.
💸 NAV Premium: The stock often trades at a huge premium to the value of its Bitcoin holdings. If sentiment turns or Bitcoin falls, this premium could evaporate quickly.
🧾 Debt & Dilution: The company’s aggressive use of zero-interest bonds and warrants could backfire if capital markets freeze or if the stock price collapses.
🔮 Outlook: Metaplanet’s fate is tied to Bitcoin’s price and the success of its capital-raising machine. Bulls see it as Asia’s MicroStrategy; bears warn of a bubble and NAV distortion.
Short Sellers Target Metaplanet's Bitcoin Premium
📉 Short Squeeze Risk: As Japan’s most shorted stock, Metaplanet could see historic short squeezes if Bitcoin rallies or institutional buyers step in.
💸 NAV Premium: The stock often trades at a huge premium to the value of its Bitcoin holdings. If sentiment turns or Bitcoin falls, this premium could evaporate quickly.
🧾 Debt & Dilution: The company’s aggressive use of zero-interest bonds and warrants could backfire if capital markets freeze or if the stock price collapses.
🔮 Outlook: Metaplanet’s fate is tied to Bitcoin’s price and the success of its capital-raising machine. Bulls see it as Asia’s MicroStrategy; bears warn of a bubble and NAV distortion.
©️ 2025 | Metaplanet Inc. (MTPLF) Stock: Complete Guide for US Investors