Shares of Japanese bitcoin treasury firm Metaplanet surged on Tuesday, reflecting renewed momentum across cryptocurrency markets and a broader rally in crypto-linked equities worldwide.
Metaplanet’s stock rose 10.7% by midday trading in Japan, according to Yahoo Finance, extending gains seen in its U.S.-traded shares. On Monday, the company’s shares listed on OTC Markets climbed 19.17%, closing at $3.12. The sharp move mirrored rising investor interest in firms holding large bitcoin reserves as digital assets regained strength.
The rally follows a recent disclosure from Metaplanet confirming it purchased 4,279 bitcoin during the fourth quarter. That acquisition lifted the company’s total holdings to 35,102 BTC, valued at roughly $3.29 billion based on current market prices. With bitcoin rebounding toward recent highs, companies with sizable treasuries have increasingly attracted attention from both retail and institutional investors.
Metaplanet was not alone in benefiting from the upbeat sentiment. Shares of other major bitcoin treasury firms also advanced. Strategy, the U.S.-based company led by longtime bitcoin advocate Michael Saylor, saw its stock rise 4.81% on Monday to $164.72. Mara Holdings, another firm with significant exposure to bitcoin, gained 6.86%.
These moves came as cryptocurrencies posted broad gains. Bitcoin was up 1.37% over the past 24 hours, trading near $93,835 after briefly surpassing $94,000 on Monday. Ethereum climbed 1.85% to $3,222, while XRP stood out with a jump of 12.45% to $2.39, according to market data.
Market participants pointed to early-year portfolio adjustments as a key driver behind the rally. Traders appear to be rotating back into risk assets following a cautious end to last year, even as geopolitical developments, including increased attention on U.S. military operations in Venezuela, remain in focus. Despite lingering uncertainties, digital assets have shown resilience, encouraging renewed interest in crypto-related stocks.
In the United States, crypto-focused equities posted strong gains across the board. Bakkt, a crypto trading and rewards platform, surged 31.47% to close at $14.79 on Monday. KindlyMD, a Nasdaq-listed company that began as a healthcare provider before pivoting to a bitcoin treasury strategy, rose 24.38% to finish at $0.51.
Coinbase, the largest U.S.-based cryptocurrency exchange, also advanced, with shares climbing 7.77% to close at $254.92. The gains followed a positive analyst update from Goldman Sachs, which upgraded Coinbase to a “Buy” from “Neutral.” The investment bank cited recent product launches and a growing share of infrastructure-related revenue, noting that these developments have improved the company’s longer-term growth outlook.
Crypto mining stocks joined the rally as well. American Bitcoin Corp, a miner backed by Eric and Donald Trump Jr., jumped 13.48% to $2.02. Hut 8, one of North America’s larger bitcoin miners, rose 13.6% to $58.25, while mining equipment maker Canaan added 8.7%.
The coordinated rise across cryptocurrencies, treasury firms, exchanges, and miners highlights how closely linked these segments have become. As bitcoin prices stabilize near recent highs, companies with direct exposure to digital assets continue to see heightened market sensitivity.
