2025-12-30 11:26:56

Japanese listed company Metaplanet, after experiencing a strategic adjustment period in the third quarter, announced on December 30, 2025, that it has completed its year-end increase: purchasing an additional 4,279 Bitcoins, bringing its total holdings to officially surpass 35,100 coins.

This return to aggressive buying also marks Metaplanet's first large-scale acquisition restart since late September. Data shows that the increase in the fourth quarter cost over $451 million, with an average cost of approximately $105,412 per Bitcoin. Based on the current holdings, the total cost of 35,102 BTC is about $3.78 billion, averaging roughly $107,686 per coin.

Why restart the accumulation at this year-end point? The social media update from Director Simon Gerovich provides the answer — this is a continuation of Metaplanet's strategic positioning against top international holders. Looking back at the third quarter of this year, the company had already undertaken a series of swift acquisitions:

On September 22, it spent $630 million to buy 5,419 Bitcoins, briefly surpassing similar companies in holdings. A few weeks later, it invested another $615 million to acquire 5,268 more Bitcoins. Afterwards, the company's Bitcoin operations department entered a three-month observation period, until this year-end culmination brought it back into the spotlight.

Even more interesting are the profit data. This quarter, Metaplanet's Bitcoin investment return reached 11.9%, and the cumulative return since early 2025 has soared to 568.2% — this figure, while benefiting from the overall upward trend in Bitcoin prices, also clearly demonstrates the company's excellent timing in increasing its holdings.

It is worth noting that, despite Metaplanet raising funds through issuing additional shares (which inevitably dilutes per-share equity), the company still achieved a significant increase in the number of Bitcoins held per share. For shareholders, this means tangible gains in Bitcoin value.

From a broader perspective, this restart of Metaplanet's accumulation not only alleviates external doubts about its strategic coherence but more importantly, further validates a global trend: more and more listed companies are incorporating Bitcoin into their balance sheets and building "Bitcoin treasuries." As more followers join in, this asset-liability balance sheet allocation centered on Bitcoin is rapidly forming across regions, gradually becoming a key force influencing the long-term supply and demand landscape of Bitcoin.

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MidnightTrader

· 9h ago

568% return, this is the meaning of holding Bitcoin. --- Once again, a Japanese company is leading the way in hoarding coins. When can our domestic companies catch up? --- The end-of-year move is indeed aggressive; 35,100 BTC is already a huge amount. --- The average cost is just over 107,000 yuan. How is the current price? It feels like Metaplanet is really good at seizing opportunities. --- It’s becoming a trend for corporate treasuries to allocate Bitcoin. This is the future. --- Diluting equity to acquire BTC—is this strategy beneficial or detrimental to shareholders? A bit conflicted. --- Spending 451 million yuan just for over 4,000 coins—this cost is truly incredible. --- Looking at the 568% return, the company's timing was spot on, just a bit too aggressive. --- The three-month observation period ended, and they started accumulating heavily, indicating that the leadership is optimistic about the market outlook. --- Metaplanet is really serious about building a "Bitcoin treasury," not just playing around. --- More and more listed companies are following suit; the supply side of Bitcoin is going to be tight.

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SeeYouInFourYears

· 9h ago

The cost of these 35K BTC is still a bit high, with an average of 107K, almost approaching the peak. A 568% return is indeed incredible, but it depends on how much more it can rise. The Bitcoin treasury logic is really popular now, and big companies are starting to copy it. Wait, raising funds through equity dilution to buy coins—does this really favor retail investors? I'm optimistic about this Metaplanet move; they probably need to keep adding next year. Spending $451 million just to boost the year-end hype? Sounds a bit like gambling. Is this really a bottoming out, or has the price already rebounded to its peak?

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ETHmaxi_NoFilter

· 9h ago

568.2% return? Are you kidding me, or did I miss some divine operation? --- 35,100 BTC, this guts is really big. Just wonder who else can pour so much money in. --- Suddenly restarting large-scale acquisitions at the end of the year, this rhythm is quite sharp. --- With an average cost of $107,686, now this position is making a lot of profit again. --- The current trend of companies doing Bitcoin treasury is really attractive. It's normal for more and more people to follow suit. --- Stock issuance dilutes but BTC is still increasing. How does this calculation work for shareholders? It's a bit mind-boggling. --- $451 million invested, and this is it? Need to brush up on this scale. --- After a three-month observation period, they came back strong. Metaplanet is really gambling big on the long-term bullishness of Bitcoin.

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