metaplanet

Move over, traditional finance—there’s a new giant in town. Tokyo-listed Metaplanet Inc. just dropped its 2025 year-end report, and the numbers are nothing short of explosive. While most companies are still "thinking" about crypto, Metaplanet has been busy buying the dip, the peak, and everything in between.
​Here is the breakdown of how this Japanese firm became a global Bitcoin powerhouse this year.
​The Massive Milestone: 35,102 BTC
​Metaplanet isn’t just playing the game; they are winning it. By the end of Q4 2025, the company officially reached a staggering total of 35,102 BTC under management.
​To put that in perspective, Metaplanet is now the 4th largest corporate Bitcoin holder in the world, sitting right behind industry titans like MicroStrategy and MARA Holdings. In Q4 alone, they scooped up an additional 4,279 BTC, proving their appetite for the "digital gold" is only growing.
​Cracking the Code: The 568.2% "BTC Yield"
​You might see the headline and think, "Wait, how do you get a 500% yield on Bitcoin?" Metaplanet uses a unique KPI called BTC Yield. It’s not about trading profits; it measures the change in Bitcoin holdings per fully diluted share. For 2025, they posted a mind-blowing 568.2% annual yield.

​The Strategy: They aren't just buying with cash. They are using a "sophisticated treasury strategy" that blends operating income, capital market activities, and Bitcoin-backed credit facilities. Essentially, they are using every financial tool in the shed to stack sats for their shareholders.
​Reality Check: Strategy vs. Market Volatility
​It’s not all "up and to the right." While the accumulation strategy is working perfectly, the market price of Bitcoin remains a wild ride.
​Average Buy Price: ~$102,207 per BTC for the year.
​Market Reality: Despite the high "BTC Yield," the portfolio’s market value was actually down 18.9% at the time of the report due to price volatility.
​However, Metaplanet’s leadership, led by CEO Simon Gerovich, remains unfazed. They view Bitcoin as a strategic treasury asset rather than a speculative gamble. For them, the goal is simple: Accumulate as much BTC as possible, regardless of the short-term noise.
​Why This Matters
​Metaplanet’s "quiet accumulation" in 2025 signals a massive shift in how publicly listed companies view cryptocurrency. It’s no longer just about "buying some Bitcoin"—it’s about integrating Bitcoin into the very DNA of corporate finance.
​By using metrics like BTC Yield and mNAV (Net Asset Value), they are giving investors a brand-new framework to value a company based on its digital asset reserves.
Metaplanet has officially transitioned from a Japanese firm to a global crypto force. As institutional participation scales globally, all eyes are on Tokyo to see how much more they can stack in 2026.#metaplanet #WriteToEarnUpgrade #bitcoin

though the exact figure is closer to $451 million for the latest tranche (some reports rounded down to ~$375M based on fluctuating BTC prices or partial calculations).

Details from Metaplanet's Official Update (December 30, 2025)

Latest Purchase (Q4 2025): Acquired 4,279 BTC at an average price of ~$105,412 per BTC. Cost: Approximately $451.06 million. Total Holdings Now: 35,102 BTC. Total Cost Basis: ~$3.78 billion (average acquisition price ~$107,606 per BTC). 2025 BTC Yield: An impressive 568.2% year-to-date (a metric tracking growth in BTC per fully diluted share).
This pushes Metaplanet well beyond its original 2025 target of 30,000 BTC (achieved earlier in the year) and aligns with its longer-term ambitions:
100,000+ BTC by 2026. Up to 210,000 BTC (about 1% of total supply) by 2027.
#metaplanet , often called "Asia's MicroStrategy," has been aggressively stacking Bitcoin as a core treasury asset since 2024, using tools like equity raises, preferred shares, and BTC-backed loans to fund purchases without heavy dilution. This latest buy came after a brief pause in direct acquisitions earlier in the quarter, during which they focused on capital restructuring and arbitrage opportunities.
Institutional conviction remains strong—corporate treasuries like this continue to remove significant supply from circulation, especially amid year-end balance sheet management. Asia's leading public BTC holder is not slowing down.
$BTC