Metaplanet Buys $451 Million Worth Of Bitcoin In Q4 As It Races Toward Its 210,000 BTC Target ⋆ ZyCrypto

Metaplanet, the largest corporate holder of Bitcoin in Japan, announced Tuesday that it purchased another 4,279 Bitcoin (BTC) in the fourth quarter as it pushes toward its target of accumulating 30,000 BTC by the end of 2025 and 210,000 BTC by 2027.

In an X post, Metaplanet CEO Simon Gerovich revealed that the Tokyo-listed investment company spent $451.06 million to buy the Bitcoin haul, at an average price of $105,412 per BTC.

The latest acquisition pushes Metaplanet’s Bitcoin investment to $3.78 billion at an average purchase price of $107,607 per coin, bringing total holdings to 35,102 BTC, making it the fourth-largest public corporate holder of the world’s most valuable cryptocurrency. 

The firm — which has been dubbed “Asia’s MicroStrategy” by some investors —  pivoted from its core hotel and technology business to start scooping up Bitcoin in 2024.

210,000 BTC By 2027?

Metaplanet’s multiple net asset value (mNAV), a ratio of the company’s enterprise value to its Bitcoin, stands just above 1. The drop in mNAV hasn’t fazed the company at all as it continues its BTC-stockpiling master plan.

With the recent purchase, Metaplanet has surpassed its year-end 2025 target of 30,000 BTC and is now more than a quarter of the way toward its 2026 goal of 100,000 coins. The company intends to own 210,000 BTC by the end of 2027, which is equivalent to 1% of the entire Bitcoin supply.

Bitcoin witnessed considerable volatility during Q4 this year, plummeting from its October record high of $126,080 to lows of sub-$85,000 in the span of weeks. The apex crypto was changing hands at $87,950 at the time of writing, up 0.9% in the past 24 hours, according to CoinGecko data.

Metaplanet has also created a Bitcoin Income Generation business that utilizes derivatives to generate recurring revenue while supporting long-term BTC holdings. The company anticipates the unit to rake in roughly $55 million in revenue for the full fiscal year.