- Metaplanet bought 4,279 Bitcoin in Q4, spending about $451 million.
- The purchase lifted holdings to 35,102 BTC, the fourth largest among publicly traded firms.
- The firm has spent roughly $3.8 billion so far and targets 210,000 BTC by end of 2027.
- Its derivatives-based income unit is expected to generate about $55 million in fiscal-year revenue, and the firm’s mNAV stands just above 1.
Metaplanet, a Tokyo-listed investment and operating company focused on bitcoin treasury management, bought 4,279 bitcoin in the fourth quarter, spending about $451 million, according to a post on X. The purchase averaged roughly $105,400 per bitcoin.
The acquisition raised the company’s total to 35,102 BTC, making it the fourth largest bitcoin holder among publicly traded companies. The firm maintains a target of owning 210,000 BTC by the end of 2027.
The company has now spent about $3.8 billion at an average purchase price near $107,600, per the company’s dashboard. Its shares rose 8% this year, closing at ¥405 (about $2.60).
Metaplanet has also built a bitcoin income generation business that uses derivatives to produce recurring revenue while supporting long-term bitcoin holdings, as noted in a company post. The unit is expected to generate around $55 million in revenue for the full fiscal year.
Derivatives: financial contracts whose value is derived from underlying assets, such as bitcoin.
mNAV: multiple to net asset value, a metric calculated as market capitalization plus total debt divided by bitcoin net asset value. The firm’s mNAV hovers just above 1.
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