Metaplanet Stock Skyrockets 12% on Bitcoin-Backed Yield Product Launch Plans
Highlights
- Metaplanet stock surged more than 12% on Monday.
- The rise comes after the company announced Bitcoin-backed yield product launch plans.
- Bitcoin price rebound also helped bring upside momentum in the stock.
Metaplanet stock (TYO: 3350) has skyrocketed more than 12% today. The sharp surge comes amid growing investor excitement over the company’s plans to launch Bitcoin-backed yield products and the US-Iran peace deal.
Metaplanet Stock Surges Over 12% Today
Metaplanet, Asia’s largest public Bitcoin treasury, closed 12.07% higher at 260 JPY on June 15, according to Google Finance data. The intraday low and high were 247 and 262 JPY, respectively. Trading volume was 24 million, significantly below the average of almost 28 million.
The latest surge helped reduce the growing losses in the Metaplanet stock. However, the stock is still down almost 20% in a month and 44% year-to-date (YTD) amid broader volatility in Bitcoin treasury companies.

As CoinGape reported earlier, Metaplanet CEO Simon Gerovich commented on potential share buybacks as mNAV slipped. Also, the company announced a $5.4 million advanced capital allocation to pay dividends on its MERCURY perpetual preferred stock.
According to Metaplanet’s official Bitcoin Strategy Tracker, the company currently holds 40,177 BTC, with a Bitcoin NAV of almost $2.64 billion. Notably, the firm currently sits at an unrealized loss of almost $1.54 billion on its Bitcoin holdings amid market uncertainty.
Bitcoin-Backed Yield Product Launch Plans
The latest rise in Metaplanet stock stemmed from the recent acquisition of Siiibo Securities for $13 million. This granted the company a Type I financial instruments business license, enabling it to directly offer Bitcoin-related yield products to investors in Japan.
The company revealed that the acquisition is likely to be completed by July. Upon completion, the company intends to rebrand the acquired firm as Metaplanet Securities Co. Ltd.
Gerovich said the new subsidiary will be used to offer investors new investment products related to Bitcoin. He added that the firm will use the unit to serve as the basis for regulatory and operational licensing.
The company earlier announced Metaplanet Prefs program of perpetual preferred equity backed by Bitcoin and ambitions to create a Bitcoin-backed yield curve for Japanese institutional investors. The company also plans to boost Bitcoin yield per share for its stockholders.
Metalpanet stock also jumped after a rise in Bitcoin price in anticipation of the US-Iran peace deal. Bitcoin price is currently trading more than 2% higher near $65,700. Trading volume has also jumped by more than 50% over the past 24 hours, indicating a rise in interest among traders.
