Japanese bitcoin treasury firm Metaplanet saw its shares surge on Tuesday, tracking a broader crypto market rally and strong gains among U.S.-listed crypto stocks.
Metaplanet’s stock jumped 10.7% by midday Tuesday in Japan, with markets still open, according to Yahoo Finance data. The move followed a 19.17% jump in the company’s U.S.-traded shares on OTC Markets, which closed at $3.12 on Monday.
The bitcoin treasury firm disclosed last week that it purchased 4,279 BTC in the fourth quarter, bringing its total holdings to 35,102 BTC, worth about $3.29 billion at current market prices.
Shares of several other major bitcoin treasury firms also rose. Strategy, led by Michael Saylor, saw its shares (MSTR) climb 4.81% to $164.72 on Monday, while Mara Holdings jumped 6.86%.
The stock rally came as major cryptocurrencies posted gains. Bitcoin was up 1.37% over the past 24 hours at $93,835 at the time of writing, after briefly climbing above $94,000 on Monday, according to The Block’s BTC price page. Ethereum traded up 1.85% to $3,222, while XRP jumped 12.45% to $2.39.
The broader crypto market rally reflected early-year repositioning, with traders rotating back into risk assets amid heightened focus on U.S. military operations in Venezuela.
US crypto stocks rally
Major U.S. crypto-related stocks also rallied on Monday. Crypto trading and rewards firm Bakkt saw its stock surge 31.47% to close at $14.79 on Monday. Nasdaq-listed KindlyMD, originally a healthcare firm that has transitioned into a bitcoin treasury vehicle, gained 24.38% to finish at $0.51.
Coinbase saw its shares rise 7.77% to $254.92 at closing. In a report released the same day, Goldman Sachs upgraded Coinbase to a “Buy” rating from “Neutral,” citing recent product launches and a growing mix of infrastructure revenue that it said have strengthened the exchange’s longer-term growth profile.
Crypto mining stocks also posted gains. Shares of American Bitcoin Corp, a miner backed by Eric and Donald Trump Jr., jumped 13.48% to $2.02. Bitcoin miner Hut 8 rose 13.6% to $58.25, while mining rig manufacturer Canaan added 8.7%.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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