Tokyo-listed company Metaplanet purchased 4,279 bitcoins in the fourth quarter of this year at an average price of approximately $105,412 per coin, totaling around $451 million. This acquisition increased the company’s total bitcoin holdings to 35,102, positioning Metaplanet as one of Asia’s largest corporate bitcoin holders and strengthening its status among the world’s top four publicly traded companies in this space. To date, the company has invested about $3.78 billion in bitcoin purchases, with an average price of $107,600 per coin. Metaplanet aims to hold 210,000 bitcoins by the end of 2027, indicating a continued reliance on capital markets and credit facilities. The company’s shares closed the year up roughly 8% at 405 yen, although they had reached record highs in June, with price fluctuations driven by bitcoin volatility and investor concerns over the company’s heavy asset concentration. Unlike other bitcoin-holding firms, Metaplanet has established a separate business unit focused on derivatives, generating stable income expected to reach about $55 million in the next fiscal year, reflecting a strategy beyond mere bitcoin accumulation. After a pause, the company resumed bitcoin purchases in Q4, supported by credit facilities secured by bitcoin collateral and the issuance of Class B preferred shares, with most proceeds earmarked for further bitcoin acquisitions. Globally, bitcoin’s current price is approximately $88,590, marking a 1% daily increase and a market capitalization near $1.76 trillion.
Source: bitcoinmagazine
