Metaplanet buys $450M in Bitcoin, completes $136M capital raise

Key Takeaways

Metaplanet acquired 4,279 BTC in Q4 2025 for $451.1 million at an average price of $105,400 per Bitcoin.
The company also confirmed completion of the third-party preferred share allotment.

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Metaplanet, the fourth-largest Bitcoin treasury company, disclosed Tuesday that it purchased 4,279 BTC for over $450 million during Q4 2025. With the latest buys, the firm’s holdings now stand at 35,102 BTC valued at more than $3 billion.

The Japanese public company has achieved a BTC Yield of 568% year-to-date in 2025, CEO Simon Gerovich said in a statement. The company uses BTC Yield as a primary metric to gauge Bitcoin accretion on a per-share basis for shareholders.

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

Metaplanet also announced that it had completed payment for the issuance of 23.6 million Class B “MERCURY” preferred shares through a third-party allotment. The shares were priced at 900 JPY each, raising over 21 billion JPY (over $136 million) in proceeds split between capital stock and capital reserves.

*Notice Regarding Completion of Payment for Issuance of Class B Preferred Shares through Third-Party Allotment* pic.twitter.com/m90qfIqpIb

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

The company said it plans to use the bulk of the funds to purchase additional Bitcoin, with the remainder directed toward Bitcoin yield-generating strategies and the redemption of corporate bonds.