Metaplanet outperforms Japan’s most liquid blue-chip stocks in 2025

Bitcoin-focused investment company Metaplanet has surged nearly 190% year-to-date (YTD), leaving Japan’s largest and most liquid blue-chip companies in its wake

On Wednesday, Metaplanet released its earnings report for the second quarter of 2025. The report showed that the company’s YTD performance dwarfed the 7.2% average gain posted by the Tokyo Stock Price Index (TOPIX) Core 30, a benchmark tracking giants like Toyota, Sony and Mitsubishi Heavy Industries.

Metaplanet’s standout performance in 2025 comes amid its aggressive Bitcoin (BTC) pivot, with the Tokyo-listed company expanding its treasury through regular purchases

Investors are placing bets on Metaplanet’s Bitcoin strategy paying off. According to the report, the number of Metaplanet shareholders climbed to over 180,000 as of June 2025, up 350% since it started its Bitcoin accumulation strategy in the fourth quarter of 2024

Growth in Metaplanet shareholders. Source: Metaplanet## Metaplanet outperforms Japan’s TOPIX Core 30 amid Bitcoin strategy

Apart from Metaplanet outperforming the average gain by the index, the company has also surpassed the performance of popular individual stocks

The report showed that Metaplanet’s YTD gains exceeded even the top-performing TOPIX Core 30 members, including Mitsubishi, Nintendo and SoftBank Group. These companies posted double-digit gains throughout the same time period but still lagged behind Metaplanet by a wide margin

Other index members like Japan Tobacco, Mizuho Financial Group and Tokio Marine Holdings posted modest gains. At the same time, companies like Toyota Motor Corp and Murata Manufacturing showed slight declines, highlighting a gap in market sentiment

Founded as a hospitality company, Metaplanet rebranded itself in 2024 as a Bitcoin accumulation vehicle, mimicking the playbook of US-based Strategy. According to the company, it remains the only firm offering regulated Bitcoin exposure in Japan within a public company framework.

Metaplanet’s performance versus the TOPIX Core 30 in Japan. Source: MetaplanetRelated: Corporate crypto treasury holdings top $100B as Ether buying accelerates

Metaplanet to raise $3.7 billion to buy more Bitcoin

Metaplanet previously announced that it aims to acquire one percent of Bitcoin’s total supply by 2027. This means that the company plans to purchase 210,000 BTC over the next two years

To help achieve this goal, the company announced on Aug. 1 that it will raise $3.7 billion dollars through a stock offering. The company said it intends to actively pursue equity financing as part of its Bitcoin Strategy

In August, the company had already spent over $100 million to buy Bitcoin. On Aug. 4, Metaplanet purchased 463 BTC, with $53.7 million. The company followed it up with a $61.4 million Bitcoin purchase on Tuesday

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