Metaplanet stock soars 10.7% as Bitcoin rally lifts peers

Metaplanet shares jumped 10.7% by midday Tuesday in Tokyo, boosted by a rally in cryptocurrencies that lifted stocks tied to bitcoin exposure.

The surge followed gains across crypto-related equities in the United States on Monday and came after Metaplanet disclosed last week that it added bitcoin to its corporate treasury in the fourth quarter. The company’s U.S.-traded shares on OTC Markets rose 19.17% to $3.12 on Monday.

Bitcoin and ether were higher during the period, supporting companies whose results and trading volumes are sensitive to digital-asset prices.

In the United States on Monday, Coinbase closed up 7.77% at $254.92. Goldman Sachs raised its rating on Coinbase to Buy, citing recent product launches and a larger share of infrastructure-driven revenue. Background is covered in our Coinbase review. Bakkt climbed 31.47% to $14.79, and Nasdaq-listed KindlyMD advanced 24.38% to $0.51.

Mining-related names also advanced. Shares of Hut 8 and mining-rig maker Canaan rose alongside gains in major tokens.

Metaplanet is often grouped with public companies that hold bitcoin on their balance sheets. Its stock has tended to move with bitcoin’s price and liquidity conditions in digital-asset markets.

As we wrote previously, Tokyo-based Metaplanet disclosed in late December that it bought an additional 4,279 BTC for about $451 million, bringing its total reserve to 35,102 BTC, valued at roughly $3 billion.

The company also detailed results from its Bitcoin Income Generation segment, which aims to earn yield on part of its holdings through options strategies, reporting full-year 2025 revenue of 8.58 billion yen (about $54 million), coming in above earlier expectations.