Background and Development
The Metaplanet stock, often referred to as ‘GameStop 2.0’, is attracting global attention with enormous price gains and speculation about short squeezes. Metaplanet is a Japanese investment firm that has heavily invested in Bitcoin since a strategic realignment in April 2024. Once operating as a hotel chain under the name Red Planet Japan, CEO Simon Gerovich has adopted Bitcoin as the primary reserve asset to protect against the depreciation of the Japanese Yen. Additionally, Metaplanet holds the exclusive license for Bitcoin Magazine in Japan.
Price Development and Short-Squeeze Potential
Within a month, the price of Metaplanet stock has more than tripled, with a remarkable increase of almost 100 percent in a single day on the German stock market. This spectacular price development is fueled by the prospect of a short squeeze: about 25 percent of the shares are sold short. The stock scarcity and low liquidity in off-market trading are driving prices up. CEO Simon Gerovich emphasizes the Bitcoin connection of the stock by stating, ‘Betting against Metaplanet means betting against Bitcoin.’
Company Plans
Metaplanet plans to own a total of 10,000 Bitcoins by the end of 2025 to solidify its position as a leading institutional crypto investor.
Key Figures Overview
- Market capitalization: approximately 1.04 billion euros
- Number of shares: approximately 600 million
- Free float: approximately 57%
- Industry/Sector: Financial services / Financial sector
- Earnings per share: currently zero; no dividends planned (projections for 2025/2026)
In summary, Metaplanet shows remarkable parallels to the GameStop meme stock through strong Bitcoin correlation and high speculative interest. The stock therefore remains a global focus for investors.