Metaplanet Acquires Over Four Thousand BTC to Close Record Fourth Quarter
Metaplanet Inc., the Tokyo-listed firm often referred to as “Asia’s MicroStrategy,” has officially concluded its most aggressive period of accumulation to date. In a regulatory filing on December 30, 2025, CEO Simon Gerovich announced that the company purchased an additional 4,279 BTC during the fourth quarter, representing an investment of approximately $451.06 million. These purchases were executed at an average price of $105,412 per BTC, a strategy that saw the company “purchase the dip” as BTC’s price fluctuated between its ahead-quarter highs and late-December consolidation levels. This massive move brings Metaplanet’s total treasury to 35,102 BTC, valued at approximately $3.78 billion. The company’s total BTC Yield for 2025 has reached a staggering 568.2%, reflecting a year of transformative growth that has viewn its market capitalization surge as it cements its position as a top-five global corporate holder of the asset.
Innovative Funding Models and the Shift to Preferred Stock
Metaplanet’s Q4 acquisition spree was supported by a sophisticated overhaul of its capital structure, following a successful Extraordinary General Meeting earlier in December. The company has transitioned away from simple common stock issuance in favor of more complex financing, including the sale of preferred stock and the utilization of a $500 million credit facility. This shift allowed the firm to continue its “210,000 BTC Plan”—the long-term goal of owning 1% of the total BTC supply by 2027—without excessively diluting existing shareholders. Furthermore, Metaplanet revealed that its BTC Income Generation unit has significantly outperformed expectations, generating approximately $54 million in revenue for fiscal year 2025 through segregated, option-based yield strategies. This dual-pronged approach allows the company to maintain a permanent long-term treasury while simultaneously producing recurring cash flow to fund operational costs.
Market Impact and the Rise of the BTC Treasury Standard in Asia
The scale of Metaplanet’s Q4 activity has had a ripple effect across the Japanese and South Korean financial markets, driving increased interest in the “BTC Treasury Standard” among other publicly traded firms. While the company’s Tokyo-listed shares faced some year-end volatility, falling nahead 8% in the final trading sessions, its net asset value (NAV) remains at a slight premium, indicating sustained investor confidence in its hybrid business model. Analysts at VanEck and other research firms note that Metaplanet’s success in using capital markets to acquire digital assets serves as a blueprint for other Asian corporations viewking to hedge against currency debasement. As the company enters 2026, its focus is expected to remain on the aggressive expansion of its “digital asset treasury,” further integrating BTC into the core of Japan’s institutional investment landscape.
