Metaplanet Reaches 35,102 Bitcoin After Strong Q4 Buying

Highlights:

• Metaplanet increased Bitcoin holdings by 4,279 coins during Q4 2025 purchases.
• Fourth-quarter buying included spot market purchases and option trades for income.
• Bitcoin Income Generation’s revenue for the full year 2025 reached 8.58 billion yen.

Metaplanet Inc. reported a larger Bitcoin balance after steady buying during the fourth quarter of 2025. Company filings confirmed total holdings reached 35,102 Bitcoin by December 30. The update followed the quarter close and was shared by management soon after year-end.

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Metaplanet Increases Bitcoin Holdings in Q4

During the final quarter, Metaplanet added 4,279 Bitcoin to corporate reserves. Spending reached nearly 451 million dollars for purchases made across the period. Each Bitcoin was bought near an average price of 105,412 dollars, reflecting a firm buying plan across market swings.

Overall, Bitcoin reserves carried an average acquisition cost close to 107,606 dollars per coin. Total spending on Bitcoin reached nearly 3.78 billion dollars after several quarters of buying. The balance marked another step in a treasury plan centered on long-term digital asset holding.

Fourth quarter purchases closed a year of steady accumulation. The firm bought Bitcoin directly on the spot market during price dips. It also used options trades through the quarter to earn income while reserves kept rising. Chief executive Simon Gerovich said Bitcoin reserves grew throughout 2025 without any pause.

Management reported a year-to-date Bitcoin Yield of 568.2%. The company tracks progress using fully diluted share count growth, not market price. Some market voices raised concerns as Bitcoin traded below Metaplanet’s average cost for much of the quarter. Community members responded that the yield reflects balanced growth and option premium income, not unrealized gains from price increases.

Metaplanet has acquired 4279 BTC during Q4 2025 for $451.06 million at ~$105,412 per bitcoin and has achieved BTC Yield of 568.2% YTD 2025. As of 12/30/2025, we hold 35,102 $BTC acquired for ~$3.78 billion at ~$107,606 per bitcoin. $MTPLF $MPJPY pic.twitter.com/AFRldH4hVI

— Simon Gerovich (@gerovich) December 30, 2025

Despite continued buying, Strategy shares fell ahead of Monday trading. Consequently, year-to-date losses stand near 45 percent as Bitcoin prices remain volatile. Metaplanet reported early results from its Bitcoin Income Generation business. In the fourth quarter, the unit is expected to generate 4.24 billion Japanese yen in operating revenue. As a result, the figure beat internal targets.

2025 Revenue Beats Target After Strong Q4

For the full year 2025, the business generated 8.58 billion Japanese yen in revenue. Earlier guidance had set the goal at 6.3 billion Japanese yen. Because of strong fourth-quarter results, the company exceeded its full-year target without selling assets.

Meanwhile, management said the team earned this income through Bitcoin options backed by collateral. These activities remain separate from long-term Bitcoin reserves. By comparison, the fourth quarter delivered income more than six times higher than the same period last fiscal year.

*Notice Regarding the Q4 FY2025 Results and Full-Year Forecast Revision for the Bitcoin Income Business* pic.twitter.com/rKZL5hetrw

— Metaplanet Inc. (@Metaplanet) December 30, 2025

Another major buyer reported fresh activity in the same period. Specifically, Strategy said it bought 1,229 Bitcoin at an average price of 88,568 dollars per coin. After the purchase, total holdings rose to 672,497 Bitcoin. The company funded the buy through equity sales. In this process, Strategy sold 663,450 shares of Class A common stock under its at-the-market program.

As a result, net proceeds reached about 109 million dollars for the week ending December 28. Meanwhile, Strategy did not sell preferred securities during this period. Management added that the company still has capacity for future issuance. 

Strategy has acquired 1,229 BTC for ~$108.8 million at ~$88,568 per bitcoin and has achieved BTC Yield of 23.2% YTD 2025. As of 12/28/2025, we hodl 672,497 $BTC acquired for ~$50.44 billion at ~$74,997 per bitcoin. $MSTR $STRC $STRK $STRF $STRD $STRE https://t.co/UGvjHj5WPg

— Strategy (@Strategy) December 29, 2025

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