Metaplanet Becomes Japan’s Most Traded Stock with Almost $1 Billion in Volume

Metaplanet Inc. has officially become the most traded stock on the Japanese market today, with an astonishing 158.83 million shares exchanged, totaling ¥132 billion (approximately $921 million) in trading volume.
This trading activity places Metaplanet well ahead of major corporations like Nippon Telegraph, Mitsubishi Heavy Industries, and SoftBank, according to Bloomberg terminal data.
Despite a significant price drop of ¥267 per share, closing at ¥816, the stock has captured the market’s full attention.
The surge in volume reflects heightened investor interest, though the sharp price decline signals volatility.
Market analysts are watching closely to determine whether this is speculative trading or part of a broader institutional shift.
Fueling this surge in interest is Metaplanet’s bold BTC treasury strategy, which has drawn comparisons to MicroStrategy’s approach in the U.S. The company recently announced a multi-phase plan to acquire Bitcoin as a reserve asset, positioning itself as Japan’s first publicly traded “Bitcoin play.” This move has resonated with digital asset investors and sparked speculation across both crypto and equity markets.
The surge in volume reflects heightened investor interest, though the sharp price decline signals volatility. Market analysts are watching closely to determine whether this is speculative trading or part of a broader institutional shift.