Metaplanet announced on Tuesday that it has increased its Bitcoin holdings by purchasing 4,279 BTC for $451.06 million at an average price of almost $105,412 per coin in Q4 2025. The report revealed that the corporation held 35,102 BTC as of December 30, 2025, which it had purchased for approximately $3.78 billion. The 35,102 BTC represents a 568.2% year-to-date return on investment in Bitcoin.
Factually, BTC yield is a key performance indicator (KPI) that measures the change in the ratio of total Bitcoin holdings to fully diluted shares outstanding over a specific time period.
The company evaluates the effectiveness of its Bitcoin acquisition strategy using BTC yield, which is designed to benefit stockholders.
According to Metaplanet, Bitcoin yield was 309.8% between October 1, 2024, and December 31, 2024. The company attained a 95.6% Bitcoin yield between January 1, 2025, and March 31, 2025.
Metaplanet reported that Bitcoin yield was 129.4% between April 1, 2025, and June 30, 2025. Between July 1 and September 30, the company’s Bitcoin yield was 33.0%. According to the report, the company’s Bitcoin yield is 11.9% between October 1 and December 30.
Following the recent acquisition, the corporation currently has an unrealized loss of over $520.34 million. Within one day of the announcement, the mNAV dropped from 1.17 to 1.03.
According to the report, the company entered into several Bitcoin-backed loan arrangements worth USD 280 million in the fourth quarter of 2025. The report revealed that its BTC was used as collateral for these loans, which were made under a $500 million credit facility.
The report indicated that all loans were outstanding and had been fully drawn as of December 29, 2025.
The company said that it completed the full redemption of its 19th Series of Ordinary Bonds in compliance with its provisions on December 29, 2025, by repaying the remaining JPY 3.75 billion.
In the report, the company announced that it issued 23,610,000 Class B Preferred Shares to raise JPY 21,249,000,000 through the Third-Party Allotment, which was settled on November 20, 2025. Payment completion was certified on December 29, 2025.
The issuance amounts to 23,610,000 potential common shares because each Class B Preferred Share is convertible into one common share. Additionally, the company expects its Bitcoin income business to generate operational revenue of JPY 4.242 billion in Q4 2025.
The recent acquisition followed a nearly 8% decrease in its stock price to 405 JPY as the price of Bitcoin continues to be under selling pressure.
The price of Metaplanet stock closed 7.95% higher at 405 JPY, as the price of Bitcoin failed to stay above $90,000 and dropped below $87,000 on the previous day. The stock traded between 403 and 421 JPY, reaching its 24-hour high and low. Additionally, compared to the typical 24-hour trading volume of nearly 34 million, the actual volume was lower.
Notably, data from crypto aggregator CoinMarketCap revealed that the price of Bitcoin is currently at $87,301. BTC traded between $90,299 and, $86,717 over the past 24 hours. On-chain data showed BTC had a 12.69% rise in trading volume over the previous day.
On Monday, the US-listed MTPLF shares ended the day 4.25% lower at $2.7. MTPLF stock has a 16% YTD 2025 return. On Friday, however, MPJPY fell 4.20% to $2.74, continuing its fall to almost 6% since its launch a few weeks ago.
According to Google Finance, the stock price increased by nearly 6.58% this month as mNAV returned above 1x under institutional support.
As Cryptopolitan reported earlier, Metaplanet shareholders approved all five management agendas, opening the door for additional Bitcoin purchases to meet the goal of 100,000 BTC by the end of 2026.
Metaplanet CEO Simon Gerovich stated that, at a meeting in Tokyo, shareholders approved the issuance of up to 555 million preferred shares. He mentioned that the corporation verified the results of the vote.
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