Why Is Metaplanet Stock Price Up Today?
Highlights
- Metaplanet stock stock bounces off from 520 JPY support levels, just before the company releases Bitcoin Income Strategy results.
- The Japanese firm has accelerated BTC purchases despite recent weakness in share price, taking its total holdings to 25,550 BTC.
- Institutional interest in Metaplanet remains strong, with Capital Group doubling its stake to 11.45%.
Metaplanet stock is once again in the limelight, gaining 10% on Tuesday, September 30, while bouncing back from the lows of 520 JPY. The upside came as company CEO, Simon Gerovich, noted that they will release the results of their Bitcoin Income Generation Strategy on October 1. However, this time the company is taking a steadfast approach in delivering results, as it accelerates its Bitcoin purchases.
Metaplanet Stock Rallies Ahead of Bitcoin Income Strategy Report
Metaplanet CEO Simon Gerovich confirmed that the company will disclose the results of its Bitcoin Income Generation Strategy on October 1. The Japanese firm has also delivered similar results in the previous quarter.
Earlier in September, the company expanded its Bitcoin strategy while announcing new US and Japan subsidiaries. U.S. subsidiary, Metaplanet Income Corp. (MTPLF), will leverage its Bitcoin treasury through derivatives and other financial instruments, with the goal of generating stable revenue while keeping its core Bitcoin holdings separate for risk management
Gerovich emphasized that in 2025, investors should not be required to wait 45 days after quarter-end to assess company performance. Thus, he stressed the firm’s commitment to greater transparency and timely reporting.
Today’s Metaplanet stock upside is a major relief to investors as the stock has seen a strong sideways movement, correcting 32% over the past month. Furthermore, the share price has retraced by a massive 70% from its all-time high of 1,900 JPY in June.
However, the Japanese firm continues to stay focused on its Bitcoin acquisition strategy, and is on track to hit the 30,000 BTC milestone by the year-end. Last week, the company announced a massive 5,419 Bitcoin purchase, taking its total holdings to 25,550 BTC.
Institutions Buy the MTPLF Stock Dips
Despite the strong decline in the Metaplanet stock price over the past three months, institutions have given a “buy” rating for the Japanese firm. Earlier in September, Bitcoin treasury firm Nakamoto Holdings announced $30 million investment in Metaplanet.
Last week, trillion-dollar asset manager Capital Group became the largest shareholder of Metaplanet, purchasing an additional 75.5 million shares valued at approximately $270.5 million. With this move, the firm has more than doubled its stake and now holds 11.45% of the company.
At the same time, Benchmark Equity Research has reiterated its “Buy” rating on Metaplanet, noting the Japanese Bitcoin treasury firm’s continued crypto accumulation despite recent weakness in its stock price. In a research note, analyst Mark Palmer set a price target of 2,400 Japanese yen for Metaplanet by the end of 2026.
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