Overview
- Shares rose 4% in Tokyo on Wednesday and are up about 20% year to date after MSCI opted against near-term exclusion, with a broader consultation still planned.
- The stock closed at 531 yen, putting mNAV near 1.25, a three-month high relative to its bitcoin stash, according to the company’s dashboard.
- Metaplanet holds 35,102 BTC, ranking fourth among publicly listed bitcoin treasuries globally and the largest in Asia.
- The advance built on early-week gains as bitcoin approached $95,000, including a 19.17% jump in the company’s U.S.-traded OTC shares on Monday.
- The company maintains a buyback authorization of up to ¥150 million with no repurchases disclosed, holds a $130 million loan for further accumulation, and targets 100,000 BTC by end-2026.