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Metaplanet buys 4,279 bitcoin, lifts total holdings to 35,102 BTC
Metaplanet's bitcoin income generation business generated about $55 million in annual revenue for 2024.
Updated Dec 30, 2025, 2:59 p.m. Published Dec 30, 2025, 9:03 a.m.
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What to know:
- Metaplanet bought 4,279 Bitcoin for about $451 million, taking total holdings to 35,102 BTC as part of its long-term treasury strategy.
- The company shares ended the year up around 8% at 405 yen.
- The company's bitcoin income generation business, which uses derivatives to earn recurring revenue, is expected to deliver about $55 million in 2025.
Metaplanet (3350), a Tokyo-listed investment and operating company focused on bitcoin treasury management, bought another 4,279 bitcoin in the fourth quarter, spending a total of $451 million, it said in a post on X.
The purchase, at an average price of $105,412, took its total to 35,102 BTC, the fourth largest of any publicly traded company. It has a target of owning 210,000 BTC by the end of 2027.
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Metaplanet has now spent some $3.78 billion, at an average purchase price of $107,607, according to the company's dashboard. The company's shares rose 8% this year, to close at 405 yen ($2.60). Still, they're down 80% from the all-time high they touched in June.
The company has also built a bitcoin income generation business that uses derivatives to produce recurring revenue while supporting long-term bitcoin holdings. The company said it expects the unit to generate around $55 million in revenue for the full fiscal year.
The firm's multiple to net asset value (mNAV), a metric that measures a company's enterprise value relative to its bitcoin net asset value, calculated as market capitalization plus total debt divided by bitcoin NAV hovers just above 1.
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‘Bitcoin to zero’ searches spike in the U.S., but the bottom signal is mixed
Google Trends data shows the term hit a record high in the U.S. this month, though global interest has fallen since peaking in August.
Lo que debes saber:
- U.S. searches for “bitcoin zero” on Google hit a record high in February as BTC slid toward $60,000 after hitting a peak in October.
- In the rest of the world, searches for the term peaked in August, suggesting fear is concentrated in the U.S. rather than worldwide.
- Similar U.S. search spikes in 2021 and 2022 coincided with local bottoms.
- Because Google Trends measures relative interest on a 0-to-100 scale amid a much larger bitcoin user base today, the latest U.S. spike signals elevated retail anxiety, but does not reliably guarantee a clean contrarian reversal.
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