Metaplanet Boosts Bitcoin Holdings to Over 35,000 BTC with $451M Acquisition
Metaplanet disclosed on December 30, 2025 that it acquired an additional 4,279 Bitcoin (BTC) for about $451 million, increasing its total holdings to 35,102 BTC. At current prices, the aggregate Bitcoin holdings are valued around $3 billion, positioning Metaplanet among the world's largest publicly listed Bitcoin holders. The average purchase price per BTC for the latest acquisition was ¥16.33 million, with a cumulative cost basis of ¥559.73 billion, or ¥15.95 million per BTC.
Metaplanet's Bitcoin Income Generation revenue for fiscal year 2025 is projected to reach ¥8.58 billion (approximately $54 million), surpassing the initial guidance of ¥3.0 billion and the October forecast of ¥6.3 billion. This income is generated through option-based strategies utilizing a dedicated BTC pool; these activities are fully segregated from the company's long-term Bitcoin treasury, which is held indefinitely.
Bitcoin income revenue demonstrated significant growth in 2025, increasing from ¥691.6 million in Q4 2024 to ¥770.3 million in Q1 2025, ¥1.13 billion in Q2, ¥2.44 billion in Q3, and ¥4.24 billion in Q4 2025, reflecting an approximate 57% quarterly growth rate with the strongest gains occurring in the latter half of the year.
Since December 2024, Metaplanet's treasury strategy has been designated a core business line, with holdings rising sharply from approximately 1,762 BTC at the end of 2024 to over 35,000 BTC by late December 2025. The company funded this expansion through Bitcoin-backed credit facilities totaling $280 million, part of a $500 million program, and raised ¥21.25 billion via Class B preferred shares while redeeming outstanding ordinary bonds.
To facilitate U.S. investor access, Metaplanet launched a sponsored American Depositary Receipt (ADR) program. On a recent Tuesday, its stock traded at ¥405, down about 8% that day.
