Metaplanet Tracker

Disclaimer: This website is meant for informational purposes only and is based on publicly available data and previously disclosed information, with data sourced from Metaplanet's public disclosures (https://metaplanet.jp/#timely-disclosures) and Yahoo Finance. The data presented may be subject to temporary delays or inaccuracies and is not intended to provide any new or forward-looking information. Nothing displayed constitutes financial or investment advice, and the content should not be considered a recommendation to buy or sell any securities. Visitors are strongly encouraged to refer to official filings and consult with a qualified financial professional for any investment decisions.

Metaplanet Tracker

Tokyo Stock Exchange Listed: (3350)

Japanese Garden with Bitcoin Symbol

Embarking Upon A Public Market Corporate Bitcoin Standard.

% Return Since BTC Adoption

BTC Holdings

Market Cap (USD)

3-Month Avg Daily Volume (USD)

Economic Climate and Bitcoin Strategy Rationale

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Current Economic Challenges in Japan:

  • Highest debt-to-GDP ratio in the world
  • Negative real interest rates and yen depreciation

Benefits of Bitcoin:

  • Solution to long-term yen depreciation
  • Emergent global store of value
  • World's only absolute scarce asset + programmatically increasing marginal production cost

Addressable Market of Metaplanet's Strategy:

  • Tax efficiency of pubco compared to individual ownership of BTC in Japan
  • Equity market participants in Japan who cannot get exposure to BTC (no Bitcoin proxies outside of Metaplanet in Japanese market)

Metaplanet's Bitcoin Strategy White Paper

Capital Raising Sources for Bitcoin Strategy

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Equity Issuance:

  • Private Warrant Placement & Exercise1
  • Stock Acquisition Rights Issue2
  • PIPE (private investment in public equity) transactions

Debt Issuance:

  • Guaranteed (Secured against hotel/entity)3
  • Convertible Notes (attractive given high realized volatility)
  • Over-collateralized BTC backed (exchange rate risk)4

Cash Flow Utilization:

  • Core business operations (hotel, developing bitcoin native business lines)
  • Bitcoin native income generation strategies (long spot + short futures, covered calls, cash secured puts)56

1. Notice Concerning Approval of Transfer of the 9th Series of Stock Acquisition Rights, April 8 2024

2. Notice Regarding the Gratis Allotment of Stock Acquisition Rights (Unlisted), August 6 2024

3. Announcement of the Issuance of the 2nd Series of Ordinary Bonds (Guaranteed), June 24 2024

4. Announcement of Partnership Between METAPLANET and SBI VC Trade for Bitcoin Transactions, Custody, and Management, September 2 2024, Section: "Potential to utilize Bitcoin as collateral for financing".

5. Notice Regarding the Gratis Allotment of Stock Acquisition Rights (Unlisted), August 6 2024, Section 3(3)(ii), p. 10

6. Notice of Sale of Put Options & Increase in Bitcoin Holdings, October 3 2024

Metaplanet Bitcoin Holdings

Asset Performance Comparison

Metaplanet Share Price

Daily Trading Volume (USD)

Metaplanet Market Cap and BTC Holdings Value

BTC per Fully Diluted Share*

This chart measures BTC per Fully Diluted Share in units of 100,000,000, measuring (Satoshis) per share.

Fully Diluted Shares Outstanding includes the total number of Issued Common Shares at the end of each period, plus any additional shares that could result from the exercise of stock options, stock acquisition rights, or the conversion of any convertible instruments, such as convertible notes, if issued by Metaplanet in the future.

Metaplanet: Quarter over Quarter BTC Yield*

BTC Yield is a key performance indicator that reflects the period-over-period percentage change in the ratio between Metaplanet's Total Bitcoin Holdings and Fully Diluted Shares Outstanding. This metric was first introduced by MicroStrategy Incorporated, a Nasdaq-listed company in the United States that has adopted a corporate Bitcoin standard.

Metaplanet: BTC Holdings as % of Market Cap

Metaplanet Daily Price Change (%)

Metaplanet Realized Volatility

BTC-JPY Price vs Metaplanet Average Cost Basis

Metaplanet Bitcoin Holdings: Unrealized PNL

Volume Weighted Average Price since BTC Adoption

Volume Profile and Probability Density Function

Rolling 10-Day Correlation: Metaplanet and BTC-JPY