This article explores Metaplanet, the Japanese firm's strategic pivot to a Bitcoin-first model, its ambitious accumulation goals and the stock's price performance.

Despite increased institutional appetite for BTC, it's uncommon to hear about a publicly traded company going all-in on Bitcoin in the corporate world. While 

 (formerly known as MicroStrategy) pioneered this tactic in the US, a Japanese firm is now making significant waves in Asia. Metaplanet Inc., once a hotel operator, has transformed itself into Japan's first and only publicly listed Bitcoin treasury company, and is capturing the attention of global investors.

This article explores Metaplanet, its strategic pivot to a Bitcoin-first model, its ambitious accumulation goals and the risks involved in its aggressive approach.

's journey is one of dramatic transformation. The company was founded by CEO Simon Gerovich, a former Goldman Sachs derivatives trader, and initially operated as Red Planet Japan, a budget hotel business. The COVID-19 pandemic severely impacted the travel industry, prompting the company to pivot toward 

 consulting and blockchain infrastructure in 2020.

 (formerly MicroStrategy), Gerovich initiated another strategic shift: Metaplanet began selling off its hotel assets, retaining only one property in Tokyo for a planned rebranding as "The Bitcoin Hotel." The company then went all-in on a new mission: to use Bitcoin as its primary treasury reserve asset.

Metaplanet has set an ambitious goal to hold 210,000 BTC by the end of 2027. This target, if achieved, would represent approximately 1% of Bitcoin's total possible supply, positioning the Japanese company as one of the largest corporate holders in the world.

Metaplanet reaches 10,000 BTC in holdings

The company has pursued its goal with remarkable speed. Following its 

 on Jun 16, 2025, Metaplanet successfully reached its first major milestone of 10,000 BTC in its treasury. This move propelled it past Coinbase to become the 

, and the current value of its Bitcoin holdings is $1.07 billion, giving the company an unrealized gain of 12.6%.

Metaplanet uses sophisticated financial instruments to fund its Bitcoin purchases. A key part of its strategy is to issue zero-interest bonds, which allows the company to raise capital without incurring regular interest payments. Additionally, it has explored options strategies, such as 

, in order to acquire BTC at favorable prices while generating income from options premiums.

Metaplanet's $210 million zero-interest bonds

To accelerate its acquisitions, Metaplanet announced on Jun 16, 2025, that it would issue 

. The funds raised from this issuance are designated entirely for purchasing more Bitcoin, underscoring the company's aggressive and focused strategy.

Metaplanet's pivot to a Bitcoin-centric strategy has had a dramatic effect on its stock performance. As of Jun 17, 2025, Metaplanet (3350.T)

, with a year-to-date performance of 426.15% and a one-month return of 193.90%. The company's one-year return of 1,957.30% on investment is even more significant.

The surge began in April 2024 after the firm announced its 

 for ¥1 billion (worth $6.25 million at the time). This upward trend was further fueled by its massive BTC accumulation between April 2024 and June 2025, which increased its Bitcoin treasury to 10,000 BTC, worth over $1 billion by June 17, 2025.

This aggressive strategy is not without significant risks. Metaplanet's value is now almost entirely tied to the price of Bitcoin. A prolonged bear market could severely impact its balance sheet and stock price. Unlike Strategy, which maintains a substantial software business, Metaplanet has a much smaller underlying operational business, making it a more direct — and therefore riskier — bet on BTC's long-term success.

Metaplanet's transformation from a struggling hotel operator into a leading Bitcoin treasury company is a compelling case study in corporate reinvention. By adopting an aggressive accumulation strategy funded by innovative financial tools, the company has provided a new way for Japanese investors to gain exposure to BTC and has set a bold precedent in Asia. While the high-risk, high-reward approach ties its success directly to Bitcoin's performance, Metaplanet is a key player to watch in the evolving world of corporate finance.

Beginner

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‘Asia's MicroStrategy’: An introduction to Metaplanet

Discover how Bondex (BDXN) is transforming professional networking with decentralized identity, AI tools, and tokenized career opportunities.

Web 2.0 professional social media networks have been around for over two decades, with the leading network, LinkedIn, having launched in 2003. Over the past decade, LinkedIn has become pervasive in the business world as the world's dominant social platform for professional connections. Yet, LinkedIn and smaller, similar recent platforms are centralized entities whose users are essentially treated as products. 

Advertisers and platform owners profile users relentlessly, leading to manipulated visibility and erosion of privacy. Your professional data on these Web 2.0 social networks is easily sold to third parties for targeted advertising, 

 (AI) algorithm training and other activities — to which few users would willingly consent.

Moreover, your user profile is owned by the corporate entities running these social networks. At any moment, LinkedIn might decide to lock your profile for whatever reasons it deems fit, leaving your professional visibility in tatters. 

 professional social networks have emerged to address these issues by leveraging blockchain technology. Thanks to their decentralized nature, these platforms have you control your profile, placing you firmly in control of your user data. Unfortunately, most web3 professional networks don't focus on universal, cross-platform 

, often limiting you to specific wallets and a small set of basic features. Many simply act as messaging platforms, with basic avatars and profile descriptions the most they can offer.

Bondex is a new web3 professional networking platform with a more comprehensive approach to decentralized social connections. On Bondex, user profiles are multifaceted digital identities that reflect users' on-chain activities and off-chain achievements. By combining 

 data sources and functionalities, Bondex has created a hybrid web 2.5 professional social network. 

 (BDXN), a decentralized professional social network that combines on-chain and off-chain data sources, offers comprehensive digital identity-based user profiles. 

It helps professionals, recruiters and other parties tp connect, find jobs and contract opportunities, earn incentives by referring others and effectively build professional reputations. 

Launched in July 2023, Bondex had notched 5 million downloads by early June 2025, when its native token, BDXN, debuted on leading 

Bondex aims to create an environment in which users can build their reputations via decentralized validations, find suitable web3 opportunities, monetize their connections and establish professional identities.

The platform combines on-chain data, such as trading activities and governance participation, with off-chain metrics (e.g., Web 2.0 social profiles and attestations) in order to create rich user profiles. The blend of web3 and Web 2.0 sources gives rise to new, comprehensive user identities under a hybrid framework that the project has dubbed web2.5.

Every platform user has a Bondex Reputation Score that reflects their standing, activities and network size. Users improve their Reputation Scores by adding more connections; each new connection has a different weighting on the score. Adding influencers with impactful networks or connections with verified credentials helps scores carry a higher weight.

As their Reputation Scores grow, users qualify for various rewards and perks on the platform. Typical rewards for developing and maintaining a high score include better visibility on Bondex, special badges and higher Bond Point (BP) earning ratios. 

Bondex uses a dual-token economy featuring the BDXN on-chain token, and off-chain Bond Points (BPs), which are reward points users earn for various activities on the platform, such as engaging with the network or making in-app purchases. Earned points are twice as valuable as purchased points. BPs cannot be directly exchanged for the platform's native crypto, BDXN. 

However, they can be staked to initiate actions, such as job applications, referrals and endorsements. If the action results in positive outcomes, the points are returned, while unsuccessful engagement results in losing the points. Using this system, Bondex aims to encourage healthful, positive interactions and reduce the likelihood of spam and manipulative actions. 

Bondex has both a mobile app and a web version. The web version currently serves as a talent marketplace, while the mobile app is the main platform for users to build their profiles and reputations, expand their network, earn BPs and engage with the broader Bondex ecosystem. 

The app is fully integrated with the underlying Bondex platform, encouraging gamified reputation-building and networking. 

Bondex isn’t just a social networking environment: the platform has a dedicated Jobs Portal that allows companies and recruiters to advertise employment opportunities in order to find top talent. It also features a referral system whereby users can earn rewards for successful candidate referrals.

The portal facilitates efficient and low-cost hiring processes. It also features AI-driven filtering and candidate matching. AI solutions help the platform achieve more accurate matching from its user base, thus satisfying the requirements of both candidates and recruiters. 

The concept of Bondex Reputation Score is bolstered through the use of Bondex IDs, which reflect users' on-chain activities and interactions. By recording all on-chain attestations and achievements of users, Bondex ID facilitates a transparent and verifiable system, a major consideration for brands and recruiters. 

Quality candidates also benefit from the transparent ID system by building social proof and a history of verified achievements, in contrast to traditional Web 2.0 professional networking websites on which validating credentials is often a challenge.

Bondex AI provides a set of tools for efficient AI-driven job applications. One of these is AI Job match, an interface that helps users specify their preferences for a job in order to have the best matches available on the job market delivered to them. AI algorithms built into the Job match function analyze profiles and jobs across the network to provide optimal matches.

Another useful tool is AI Auto-Apply, which uses AI-driven algorithms to let users quickly apply for job opportunities. AI Auto-Apply automatically extracts relevant content from job posts and matches it with the job seeker’s profile in order to facilitate quality applications that take seconds to submit.

Bondex launched the BDXN token on Jun 3, 2025, as an 

 (ETH) blockchain, marking a significant milestone in the project's history. BDXN is a supply-capped crypto, with a maximum and total supply of 1 billion. 

BDXN powers the entire Bondex ecosystem. It serves as the payment token for various services, such as job postings and subscription fees, and as a reward mechanism (via 

) for active platform participation. It also functions as the platform's 

, allowing holders to participate in votes to determine the protocol’s future direction and rules. By 

 BDXN, you also earn a share of the platform's revenues and qualify for seasonal airdrops.

As the Bondex ecosystem grows, the BDXN token helps redistribute value to the community. Driven by Bondex's token buyback system, a portion of the revenue is used to buy back more BDXN from the market, thus reducing the token’s supply and potentially increasing its value. As more users join and engage with the Bondex platform, more revenue is generated. Ultimately, this revenue flows back to BDXN holders, creating a self-reinforcing flywheel effect.

The BDXN token is available on Bybit as a 

 to earn BDXN rewards by registering for the event and trading eligible assets. This opportunity is valid through Jun 20, 2025, 10AM UTC.

As of Jun 19, 2025, the BDXN token has been on the market for just two weeks. It currently trades at $0.03437, which is a 91.9% drop from its all-time high of $0.4231 on Jun 3, 2025, and a 11.4% increase from its all-time low of $0.03091 on Jun 13, 2025.

BDXN’s long-term price outlook is bullish.CoinCodex 

 to trade at $0.044 in 2027 and $0.089 in 2030, whileDigitalCoinPrice is 

 and digital assets, Bondex aims to create a truly superior networking experience for participants in the talent ecosystem, thus helping to enhance career advancement and job search experiences.

Bondex’s points system encourages active participation in its network, incentivizing participants to earn rewards and find exciting opportunities that are often difficult to uncover on traditional platforms. The future of work and of next-generation professional interactions are shaping up right in front of our eyes on a young but promising decentralized platform called Bondex.

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Bondex (BDXN): Redefining careers for the web3 era

Petra is a self-custodial cryptocurrency wallet, specifically designed for the Aptos blockchain. Learn more about how it works in this article.

Entering the cryptocurrency world can be daunting for newcomers, and even experienced users struggle with clunky wallet interfaces and fragmented functionality. The transformative potential of next-generation blockchains such as Aptos, with its sub-second transaction speeds and fraction-of-a-cent fees, cannot be realized until these issues are addressed.

 emerges as the solution, combining enterprise-grade security with intuitive design to make 

 accessible to everyone. This article examines Petra's innovative features, multisig capabilities and DeFi integrations, which establish it as the essential gateway to the Aptos ecosystem.

 is a self-custodial cryptocurrency wallet specifically designed for the Aptos blockchain. It enables its users to securely store, send and receive digital assets while interacting with 

Built by Aptos Labs as the flagship wallet for the Aptos ecosystem, Petra introduces seamless transaction processing, hardware wallet integration and comprehensive 

 access. The wallet leverages Aptos's sub-second transaction speeds to process transfers instantly, while maintaining security through industry-leading audits and self-custodial architecture.

Petra was created by Aptos Labs, the company behind the Aptos blockchain. Aptos Labs was founded in 2021 by Mo Shaikh and Avery Ching, former employees of Facebook who leveraged their experience from Meta's disbanded Diem project.

The team recognized the unique opportunities presented by the Move programming language and Aptos's innovative 

. Traditional wallet platforms often struggle with user experience complexity, security vulnerabilities and limited ecosystem integration.

, the Petra team has implemented advanced features that previously proved challenging to execute securely. This development process involved collaboration with design experts to create an intuitive interface that prioritizes both newcomers and experienced crypto users.

Petra aims to solve several critical challenges that have limited the growth and mainstream adoption of 

. Its primary focus involves eliminating the barrier of complexity by transforming intimidating blockchain interactions into familiar, app-like experiences that everyday users can confidently navigate.

The Petra wallet addresses the security/usability trade-off that forces users to choose between convenience and asset protection. Through self-custodial architecture and intuitive design, Petra enables users to maintain complete control over their assets while enjoying an effortless experience that rivals traditional financial apps.

Petra also aims to tackle ecosystem fragmentation by consolidating DeFi protocols, 

 marketplaces and DApps into a unified platform. This approach eliminates the need to navigate multiple interfaces, and showcases Aptos's superior transaction speeds and cost efficiency for users across all 

 that gives users complete control over their 

 and digital assets. The wallet generates cryptographic key pairs locally on the user's device, ensuring that only the user has access to their funds at all times.

When creating a new wallet, Petra generates a 12-word recovery phrase that serves as the master key to all accounts. This mnemonic is encrypted with a user-chosen password and stored locally, and is never transmitted to external servers or accessible to the Aptos Labs team.

Transaction processing harnesses Aptos's parallel execution capabilities in order to deliver exceptional performance. The network processes transactions in under a second with fees of just fractions of a cent, enabling instant transfers and DApp interactions without the delays common on other blockchains.

Petra enhances security through transaction simulation that previews the effects of any action before execution. Because this is combined with hardware wallet support and Move's built-in security features, users can interact with web3 applications confidently while maintaining complete control over their assets.

Petra combines core wallet functionality with advanced features to deliver a complete web3 experience.

 is an advanced security solution that implements 

 functionality for users requiring enhanced asset protection. Unlike traditional wallets, which are controlled by a single private key, multisig wallets require multiple signatures from different parties before any transaction can be executed.

Transaction management follows a straightforward workflow. Any vault member can propose a transaction, which then enters a voting period during which other members decide whether to approve or reject the proposal.

Approved transactions become executable once they meet the predetermined signature requirements, while rejected proposals are removed from consideration. The system maintains complete transparency by recording all proposals, votes and executions on the Aptos blockchain.

Users configure vault security according to their specific needs by setting signature thresholds during the vault creation process. These requirements determine the number of approvals necessary from the total vault membership, ranging from a majority consensus to full unanimity.

 to enable USDT yield generation through DeFi lending protocols. Users can deposit their USDT holdings into lending pools and earn interest plus additional APT rewards through streamlined, one-click operations.

Automated smart contract interactions handle all technical complexity behind the scenes. This eliminates the need to navigate external platforms or manually manage multiple transactions, making DeFi participation accessible to users of all experience levels.

Petra Earn’s structure provides dual income streams: base interest payments in USDT from lending activities, and additional APT reward tokens distributed by Aries Markets. Users can claim and redeploy these earnings through the Petra app, enabling compound growth strategies without leaving the wallet’s ecosystem..

Petra has established itself as the leading wallet on Aptos through consistent development and a security-first approach. The platform launched with core wallet functionality and has systematically expanded capabilities, while simultaneously maintaining the simplicity that attracts mainstream users.

Multiple security audits by Halborn have validated Petra's smart contract integrity, and formal verification processes leverage Move's built-in safety features. This rigorous security foundation has enabled the wallet to serve over 500,000 users without experiencing major incidents.

Future development focuses on expanding DeFi partnerships to provide users with diverse earning opportunities across the Aptos ecosystem. The project’s team is developing social recovery mechanisms and enhanced hardware wallet integration to strengthen security while preserving the intuitive experience that drives adoption.

Petra combines the high-speed infrastructure of Aptos with sophisticated wallet mechanics to eliminate the frustrations associated with daily crypto use. The wallet’s self-custodial security, multisig capabilities and seamless DeFi integration create an optimized user experience that works across the entire DeFi ecosystem.

Intermediate

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Petra: Your everyday wallet for the Aptos ecosystem

UR, Mantle’s crypto-first neobank, has officially launched in early access for contributors, with full public rollout planned for Q3 2025.

Daily top performer — Aerodrome Finance (AERO)

The S&P 500 dipped 0.03% as Fed caution and Middle East tensions weighed on sentiment. Seven of 11 sectors declined, led by energy, while tech outperformed. Gold holds near $3,390 amid global tensions, with upside risk ahead of the Fed’s policy update. The short-term outlook remains neutral. The Coindesk Indices, which tracks the broader crypto market, fell 0.66%, with Bitcoin down 0.86% and Ether up 0.75%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is AERO, up 19.7% after Aerodrome ranked second in Blockworks' Token Transparency Framework.

Aerodrome Finance (AERO), launched on August 28, 2023, is a DEX on Base using Velodrome V2 tech, offering advanced liquidity tools and AERO token incentives to attract users and govern the platform. Aerodrome 

 it holds the second-highest score in Blockworks’ new Token Transparency Framework, underscoring its commitment to fair and transparent access to both capital and information. The recognition reflects Aerodrome’s efforts to set a higher standard of trust and accountability in the crypto space.

Check out the latest prices, charts, and data of 

, has officially launched in early access for contributors, with full public rollout planned for Q3 2025. Powered by the Mantle Network, UR offers Swiss-backed multi-currency accounts, a Mastercard debit card, and access to global banking rails. It supports both fiat and crypto transfers and will soon introduce DeFi-native features like yield and crypto-collateralized credit. Designed to bridge traditional and decentralized finance, UR aims to be a unified platform for spending, saving, and investing across over 40 countries.

Yesterday, BTC spot ETFs saw $109.4 million in net inflows, driven by $125.8 million from non-GBTC funds, while GBTC recorded $16.4 million in outflows.

, offering a loyalty program that rewards users for actions like subscriptions, staking, referrals, and in-app achievements. Users can climb tiers — Green to Star — for better perks. Season ends September 30, 2025. Wallet connection issues may affect point visibility; support is available via Discord.

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Mantle launches UR, a crypto-first neobank bridging TradFi and DeFi

Bybit Learn

Daily Bits

The Ethereum Foundation has launched the Trillion Dollar Security Initiative, aiming to elevate Ethereum’s security beyond the crypto ecosystem to rival global legacy systems. 

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The S&P 500 edged up 0.1%, lifted by tech gains from Nvidia and AMD, despite broader sector losses. Gold dropped below $3,200 as easing US-China trade tensions and rising Treasury yields reduced safe-haven demand, despite softer inflation data. Traders await US PPI and retail sales for further cues. The Coindesk Indices, which tracks the broader crypto market, down 1.64%, with Bitcoin and Ether down 1.47% and 3.35%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is ATH, which rose 15.2% after Aethir boosted conversions with its instant play decentralized cloud gaming solution.

Aethir (ATH), founded in 2021, is a decentralized GPU cloud platform that provides scalable computing power for Web3 applications like gaming, AI, and design, enabling businesses to run high-performance tasks without centralized infrastructure. 

 boosts gaming user acquisition by enabling instant play without downloads, reducing costs and improving conversion. In a case study with SuperScale, games using Aethir’s tech saw a 45% higher conversion rate, 93% higher ARPU, and 43% more users preferring instant play over downloads. By bypassing app store fees and offering seamless gameplay access, Aethir provides studios with a cost-effective, high-conversion alternative to traditional mobile gaming funnels.

The Ethereum Foundation has launched the 

, aiming to elevate Ethereum’s security beyond the crypto ecosystem to rival global legacy systems. The initiative will (1) map Ethereum’s security landscape, (2) execute key improvements across its stack—from wallet UX to consensus, and (3) improve communication around Ethereum's security standards. Led by EF’s Fredrik Svantes and Josh Stark, with support from security experts samczsun, Mehdi Zerouali, and Zach Obront, the initiative seeks broad ecosystem input to achieve a world where trillions in value can be securely held onchain.

Yesterday, BTC spot ETFs saw $86.6 million in net inflows, all from non-GBTC funds, while GBTC recorded no flow.

, rewarding whitelisted participants with 100 xpSPON for completing simple tasks like following on X and joining Discord. xpSPON will directly impact your future SPON airdrop allocation — the more you earn, the greater your rewards.

Ethereum Foundation launches initiative to bring trillion-dollar security onchain

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