Metaplanet surges over 12% on Bitcoin-backed yield product plans
Metaplanet, the Tokyo-listed company that has become Asia’s largest public Bitcoin treasury holder, saw its stock jump over 12% after announcing plans to acquire a securities firm and launch Bitcoin-backed yield products targeting Japanese investors.
The company is buying Siiibo Securities for 2.1 billion yen, roughly $13 million. The deal is expected to close in July 2026 and will grant Metaplanet something it has been chasing: a Type I securities license in Japan.
From Bitcoin hoarder to Bitcoin bank
Metaplanet has spent the last couple of years doing what MicroStrategy made famous: buying Bitcoin and putting it on the balance sheet. As of April 2026, Metaplanet holds approximately 40,177 BTC, acquired at an average cost basis of around $97,593 per coin.
Under what the company calls “Project Nova,” Metaplanet is pivoting from pure treasury accumulation to regulated product distribution. The acquisition of Siiibo Securities, which will be rebranded as Metaplanet Securities, is the infrastructure needed to make that happen. A Type I securities license in Japan allows a firm to deal in a wide range of securities products, and getting one from scratch is notoriously difficult and time-consuming.
Targeting Japan’s $7.4 trillion cash pile
Japanese households are sitting on an estimated $7.4 trillion in cash and savings. Metaplanet’s pitch is Bitcoin-backed products that target yields in the 6% to 12% range. The company already launched “Metaplanet Prefs” in 2025, a Bitcoin-backed investment vehicle designed specifically for this purpose.
CEO Simon Gerovich has been the architect of this strategy, steering the company toward becoming a full-stack Bitcoin financial services firm.
What this means for investors
The stock initially moved about 3.5% on the acquisition news before climbing higher. Metaplanet’s shares have been volatile throughout its Bitcoin transformation, with swings exceeding 12% during major announcements becoming something of a norm.
Metaplanet is currently the only major public company in Asia running this playbook. Japan’s largest financial institutions, from Nomura to SBI Holdings, have been steadily building their own crypto capabilities.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
On the eve of Anthropic (ANT.US) IPO: $19 billion in passive buying on the way, will “SpaceX-style” index arbitrage be repeated?
From SpaceX to Anthropic: Giant new listings adopt a new approach.
Amidst extramarital affair scandal and Nvidia’s stock plummet, “The Big Short”: Short-term may be an “excellent trade,” but long-term remains bearish
Burry admitted that if he did not already hold a short position, the sharp drop caused by the scandal might be a good contrarian buying opportunity—but he himself made it clear he would not participate. The fatal risk lies in the possibility that this turmoil could trigger regulatory investigations into its "mafia-style" business practices and export controls. Combined with the risks of over-investment in AI, its competitive advantage is expected to quickly narrow, so he remains firm in his short position.
Indian Rupee outperforms amid strong foreign inflows, shrugging off surging US Dollar
USD/JPY Price Forecast: Enters fresh upside leg on consolidation breakout
Crypto prices
More
