Metaplanet Adds 4,279 Bitcoin Amid Record Year
Metaplanet acquired 4,279 BTC for $451 million, increasing its total holdings to 35,102 BTC while its income generation business saw significant revenue growth in 2025.Summary
Tokyo-listed Metaplanet announced the acquisition of an additional 4,279 Bitcoin for approximately $451 million, boosting its total reserves to 35,102 BTC, valued around $3 billion. This move aligns with its hybrid model combining a Bitcoin treasury with an income generation business. The company's BTC Income Generation business, which uses option-based strategies to create recurring cash flow from a separate pool of Bitcoin, significantly exceeded forecasts, reporting 8.58 billion Japanese yen (about $54 million) in revenue for 2025. This income arm has shown rapid growth, with a quarterly compounded growth rate of about 57% since Q4 2024. Metaplanet's accumulation strategy mirrors that of Strategy, which also aggressively bought Bitcoin in 2025. However, the company faces market pressure, as its market-to-Bitcoin net asset value (mNAV) ratio dropped below 1 in October, reflecting a discount on its equity relative to its BTC holdings, a trend seen across many Bitcoin treasury stocks.
(Source：Cointelegraph)