Metaplanet invests nearly 70 billion JPY in Bitcoin again in Q4, pushing holdings to 35,102 coins, and creating a “Japanese MicroStrategy” model through debt, equity, and options strategies.
“Japanese MicroStrategy” Metaplanet purchased 4,279 Bitcoin in Q4, costing approximately 69.855 billion JPY (about $448 million), bringing its total holdings to 35,102 coins, valued at around $3 billion.
Image source: X/@Metaplanet
According to disclosed company information, these purchases were executed at an average price of 16.325 million JPY (about $105,000) per Bitcoin, funded through debt financing, equity issuance, and options strategies.
This Tokyo-listed company is often called “Japan’s MicroStrategy” due to its aggressive Bitcoin accumulation strategy. The company reported a “Bitcoin Yield” of 11.9% for Q4 ending December 30, a key performance indicator measuring growth relative to share dilution. This marks a milestone for the ongoing transformation—Metaplanet’s holdings surged from 1,762 at the end of 2024 to over 33,000, with total acquisitions in 2024 reaching 559.726 billion JPY (about $3.59 billion), at an average cost of 15.946 million JPY (about $102,000) per coin.
Metaplanet’s “Bitcoin Income Generation” division uses independent pool options strategies to generate recurring income without using core reserve assets. In 2025, this division generated 8.58 billion JPY (about $55 million), exceeding initial expectations. Quarterly revenue rose from approximately 680 million JPY (about $4.3 million) in Q4 2024 to over 4.2 billion JPY (about $27 million) by the end of 2025, a compound growth rate of 57%. The company officially listed Bitcoin reserves as an operational business on December 18, 2024.
To support these purchases, Metaplanet drew down $280 million in Bitcoin-backed loans within a $500 million credit framework in Q4; additionally, in late December, it raised 21.249 billion JPY by issuing 23.61 million Class B convertible preferred shares. The company also redeemed the remaining 3.75 billion JPY of Series 19 ordinary bonds on December 29. These moves echo the approach of US peer Strategy, which increased its Bitcoin holdings by over 225,000 coins in 2025, reaching a total of 672,497 coins. Despite this, Metaplanet’s expansion in Asia continues to attract investor enthusiasm.
Metaplanet (Tokyo Stock Exchange code: 3350) has seen its stock price soar over 345% this year, far surpassing Bitcoin’s 100% increase, even as Bitcoin retreated from its high of over $126,000 in October. On the X platform, community reactions to the announcement have been enthusiastic, praising the company’s “amazing” ability to attract capital, and predicting its holdings could reach 100,000 coins by 2026.
Despite Bitcoin falling below $90,000, the recent purchase average price remains at $105,000. This strategy makes Metaplanet the leading corporate Bitcoin holder outside the US, with holdings accounting for about 0.17% of the total Bitcoin supply. As Bitcoin trades near 13.77 million JPY (about $88,000), recent acquisitions are showing paper losses, but early accumulated positions still hold substantial unrealized gains. Analysts believe there is still potential for continued expansion, though risks include yen volatility and Japanese regulatory scrutiny, especially with the yen around 156 to 1 USD.
- This article is reprinted with permission from: 《Block Guest》
- Original title: 《Metaplanet Perfectly Wraps Up 2025! Invests $448 million to Increase Bitcoin Holdings, Surpassing 35,000 Coins》
- Original author: Xun
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC 15-minute surge up 0.60%: whale transfers and ETF fund flows converge to drive a short-term rebound
2026-04-10 01:30 to 2026-04-10 01:45 (UTC), the BTC price rose from 71863.2 USDT to 72383.6 USDT. Within 15 minutes, the return was +0.60%, and the range reached 0.72%. During this period, market volatility was significant: spot buying orders on major exchanges were active in the short term, attention quickly heated up, and it showed a rapid price response driven by capital inflows.
The main driver behind this anomaly is that whale wallets, in early April, coordinated concentrated short-term transfers to trading platforms totaling 42,000 BTC, for this year’s
GateNews39m ago
The CIA plans to embed AI into all analytical platforms to assist with intelligence analysis and counterintelligence work
The U.S. CIA Deputy Director Michael Ellis said the CIA will incorporate AI into its analytical platforms over the next few years, but humans will still be the decision-makers. He mentioned a dispute with Anthropic and emphasized that competition between the U.S. and China in technology innovation is intensifying. AI and blockchain analytics will be key areas.
GateNews39m ago
Giant whale “sets 10 big targets first” — the BTC short position is currently down by $650k, and the ETH short position is currently up by more than $410k
A giant whale updated its position status. It currently holds 2,201.507 BTC short contracts, showing an unrealized loss of $650k; it also holds 7,093 ETH short contracts, showing an unrealized gain of $413k; the total value of its short contracts of $173 million currently has an estimated net unrealized loss of about $237k.
GateNews50m ago
Altcoins Signal Strength: 4 High-Potential Picks Set to Outperform Bitcoin Next Cycle
A higher low on the TOTAL3 chart signals a strengthening altcoin market structure but does not guarantee immediate price expansion.
Capital rotation from Bitcoin into altcoins historically occurs after Bitcoin stabilizes, supporting potential relative outperformance phases.
Not all altcoi
CryptoNewsLand55m ago
Gold falls to $4,758, the BTC Volatility Index drops 1.77%, and WTI crude oil rises 0.44%
April 10, gold and silver prices fell slightly, trading at $4,758.37 per ounce and $75.165 per ounce, respectively. The Bitcoin Volatility Index (BVIX) dropped to 44.36, and in the foreign exchange market, the U.S. dollar rose against the offshore yuan and the Japanese yen. Major European stock indexes generally declined, while WTI and Brent crude oil rose slightly. The Gate platform supports trading a variety of financial market products.
GateNews1h ago
Changpeng Zhao: Quantum computing could undermine existing encryption mechanisms; Bitcoin may need to fork to respond
Changpeng Zhao said in an interview that advances in quantum computing technology could threaten the security of existing cryptocurrencies, and that Bitcoin may need to adopt post-quantum encryption technology through a fork upgrade. He emphasized that the emergence of new encryption algorithms will help address the challenges posed by quantum computing.
GateNews1h ago
