Metaplanet Bitcoin Stack Hits $3B After $450M Spree — Revenue Soars
Metaplanet has pushed its Bitcoin holdings previous the $3 billion mark after finishing one other giant buy, because it deepens right into a hybrid mannequin of the Bitcoin treasury and earnings enterprise.
The Tokyo-listed agency disclosed on December 30 that it acquired an extra 4,279 Bitcoin at a complete value of about $451 million, lifting its whole holdings to 35,102 BTC.
At present market costs, the stack is valued at roughly $3 billion, putting Metaplanet among the many world’s largest publicly listed Bitcoin holders.
The newest buy was made at a median value of ¥16.33 million per Bitcoin, bringing the corporate’s cumulative value foundation to ¥559.73 billion, or a median of ¥15.95 million per coin.
Bitcoin Pays Off for Metaplanet as Income Unit Outperforms Expectations
The acquisition capped 1 / 4 marked by continued accumulation by means of a mixture of direct market purchases and Bitcoin option-related exercise.
Metaplanet mentioned the technique displays its long-standing plan to deal with Bitcoin as a core treasury asset somewhat than a short-term commerce.
Alongside the treasury growth, the corporate reported that income from its Bitcoin Income Generation enterprise has considerably exceeded expectations.
In a regulatory submitting, Metaplanet said working income from the section is now anticipated to achieve ¥8.58 billion, or about $54 million, for fiscal 12 months 2025.
That determine is nicely above the corporate’s preliminary steerage of ¥3.0 billion and its revised October forecast of ¥6.3 billion.
The earnings enterprise depends on option-based methods that use a devoted pool of Bitcoin to generate recurring money movement.
According to the corporate, these actions are totally segregated from its long-term Bitcoin holdings, that are supposed to be held indefinitely.
The derivatives portfolio generates income by means of possibility premiums and buying and selling outcomes, whereas the core treasury stays untouched. Any capital generated could later be added to long-term reserves, however the reverse just isn’t permitted.
However, even with the announcement, Metaplanet’s shares are nonetheless buying and selling at ¥405 on Tuesday, down practically 8% on the day.
The Japan Firm Bitcoin Revenue Takes Off as Treasury Strategy Scales
Also, income progress accelerated sharply by means of the 12 months as its Bitcoin earnings technology income rose from ¥691.6 million within the fourth quarter of fiscal 2024 to ¥770.3 million within the first quarter of fiscal 2025.
It then climbed to ¥1.13 billion within the second quarter, ¥2.44 billion within the third, and ¥4.24 billion within the fourth quarter.
Over that interval, the compounded quarterly progress price reached about 57%, with the strongest positive factors recorded within the second half of the 12 months.
Metaplanet’s broader Bitcoin technique formally started in December 2024, when treasury operations had been designated as a core enterprise line.
Since then, holdings have grown from about 1,762 BTC on the finish of 2024 to greater than 35,000 BTC by late December 2025.
The firm tracks its treasury technique utilizing proprietary metrics reminiscent of BTC Yield and BTC Gain, designed to measure Bitcoin accumulation relative to shareholder dilution.
While BTC Yield has declined as the corporate’s asset and share base expanded, Bitcoin per totally diluted share continued to rise by means of the tip of December, reaching 0.02405 BTC per 1,000 shares.
To fund its growth, Metaplanet has leaned closely on capital markets. During the fourth quarter, it entered into Bitcoin-backed credit score services totaling $280 million underneath a broader $500 million program.
It additionally raised ¥21.25 billion through the issuance of Class B preferred shares to abroad institutional traders whereas totally redeeming excellent extraordinary bonds.
Metaplanet raises $135M for Bitcoin acquisitions as Saylor defends treasury technique, saying Strategy can stand up to 80-90% drawdowns.#Metaplanet #Bitcoinhttps://t.co/pikptcs4nb
— Cryptonews.com (@cryptonews) November 21, 2025
Metaplanet’s rising publicity has additionally attracted worldwide consideration, with the corporate recently launching a sponsored American Depositary Receipt program to provide U.S. traders simpler entry to its shares.
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