Key Insights:
- Metaplanet stock reported Q3 revenue of 2.44 billion JPY, up 115.7% quarter-on-quarter, with operating profits exceeding forecasts by 88%.
- Company CEO Simon Gerovich compares Metaplanet stock underperformance to Amazon’s during the dot com bubble.
- Benchmark Equity Research maintained a “Buy” rating for Metaplanet stock, setting a 2026 price target of 2,400 JPY.
Japan’s largest Bitcoin holder, Metaplanet, has been in the spotlight once again, as its stock price has rebounded by 20% over the last two days. It appears that the days of Metaplanet stock correction may be coming to an end, as the company reported robust Q3 numbers while increasing its Bitcoin holdings to over 30,000 BTC this week. Company CEO Simon Gerovich made an interesting comparison with Amazon’s stock performance during the dotcom bubble.
Metaplanet Stock Reverses With Strong 20% Gains
The Metaplanet stock has been moving sideways over the past few months, correcting 70% from its 2025 highs of $1,900 JPY. The stock price hit a low of 517 JPY earlier this week before bouncing back by 20% over the last two days. As of October 3, it was trading on the Tokyo Stock Exchange at 622 JPY.
Metaplanet CEO Simon Gerovich compared the current situation of his company to Amazon’s post-dot-com bubble experience. He said that strong business fundamentals often diverge from short-term stock performance. Quoting Amazon founder Jeff Bezos, Gerovich said: “The stock is not the company, and the company is not the stock”. He added:
“Our mandate is clear: execute relentlessly. Build revenue. Accumulate Bitcoin. Strengthen this company for the long term. We remain laser-focused on securing the future with Bitcoin”.
Meteplanet Stock Underperforms Despite Strong Q3
For the third quarter of 2025, Japanese firm Metaplanet reported robust financial results with its Bitcoin Income revenue reaching 2.44 billion JPY. This marks a 115.7% increase quarter-on-quarter.
Its Q3 operating profit exceeded forecasts by 88%. Moreover, the company’s balance sheet remains mostly debt-free with less than 1% leverage. The company also highlighted a clear path toward issuing preferred shares to raise funds and continue with its Bitcoin purchases.
Despite this, the Metaplanet stock has underperformed against market expectations. Simon Gerovich described this situation as challenging for the team and shareholders. He emphasized the company’s long-term strategy: executing growth initiatives, building revenue, accumulating Bitcoin, and strengthening the business for the future.
The Japanese firm has walked the talk so far and has already achieved its 2025 Bitcoin accumulation target, just as Q4 begins. Earlier, on October 1, Metaplanet further strengthened its position by acquiring an additional 5,268 BTC. As of that date, the company holds a total of 30,823 BTC, purchased for approximately $3.33 billion at an average cost of $107,912 per Bitcoin.
MTPLF Stock Price Rebounds Hard
MTPLF, the US subsidiary of Metaplanet, has also experienced a strong resurgence, gaining 17% on the weekly chart and surging past $ 4.00 once again. Crypto analyst Han Akamtsu noted that Metaplanet’s stock (MTPLF) appears strong at $4.20. He added that if the price can hold this level as support without facing another rejection, it will be a positive sign. According to the analyst, this represents a favorable buying opportunity.
The Metaplanet stock has continued to draw institutional interest despite this underperformance. U.S.-based asset manager Capital Group, which oversees $2.6 trillion in assets, has become Metaplanet’s largest shareholder. The company recently increased its stake in Mataplanet to 11.45%.
Meanwhile, Benchmark Equity Research reaffirmed its “Buy” rating on Metaplanet. This highlights the company’s ongoing Bitcoin accumulation despite recent stock weakness. Analyst Mark Palmer set a price target of 2,400 Japanese yen for the firm by the end of 2026
Bhushan is a FinTech enthusiast and holds a good flair for understanding financial markets. His interest in economics and finance draws his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In his free time, he reads thriller fiction novels and sometimes explores his culinary skills.
