Metaplanet, a Japanese company, experienced a surge in its stock price to the highest point in three months after revealing its recent acquisition of Bitcoin (BTC). They added 1,004 BTC to their reserves in this latest purchase, making it their third notable acquisition this month. A week prior, they had acquired 1,241 BTC, exceeding the reserves of El Salvador. On May 7, Metaplanet had made a smaller purchase of 555 BTC.

The recent purchase, valued at 15.19 billion yen (around $104.3 million), had an average buying cost of 15.13 million yen, equivalent to $103,873 per BTC. The company issues zero-coupon ordinary bonds to fund these acquisitions, with bonds worth $64.7 million issued in May 2025. Metaplanet now holds a total of 7,800 Bitcoins, with a total investment of 105.38 billion yen (approximately $712.5 million).

Following this news, Metaplanet's stock (ticker symbol 3350.T) surged by 12.6%, with a current trading price of 702 yen ($4.8), reaching highs not seen since February 13. The stock's value has increased by 101.7% over the past month, largely benefiting from the recent rally in Bitcoin. The financial report for Q1 FY2025 revealed revenues of $6 million, with 88% coming from Bitcoin options trading, indicating the significant role BTC plays in their financial success. The company's strategic adoption of Bitcoin is contributing to its increasing stock value and setting a standard for corporate cryptocurrency adoption in the region.