🤑 Metaplanet’s Wild $451M Bitcoin Binge: 35,000 BTC or Bust! 🚀

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Oh, what a splendidly bonkers world we live in! Metaplanet, that mischievous Japanese firm, has gone and splurged a whopping $451 million on Bitcoin during the fourth quarter, despite the market behaving like a wobbly jelly on a unicycle. Their total stash now sits at a mind-boggling 35,102 BTC. 🌪️💰

Metaplanet, the plucky little company with pockets deeper than a giant’s trousers, has thrown another $451 million into the Bitcoin cauldron. And all this while the market was doing the financial equivalent of the cha-cha-cha on a tightrope. 🕺💸

While most were running for the hills, Metaplanet was busy scooping up Bitcoin like it was going out of fashion. Their total holdings? A staggering 35,102 BTC. That’s enough to make even the most seasoned investor’s eyes pop out like a cartoon character’s. 👀✨

Metaplanet’s $451 Million Bitcoin Bonanza in Q4

In the final quarter of the year, Metaplanet decided to play a game of “let’s see how much Bitcoin we can buy before the clock strikes midnight.” The result? A cool $451 million worth of Bitcoin, acquired at an average price of $105,412 per coin. Their CEO, Simon Gerovich, couldn’t resist boasting about it in a public post, of course. 🎉📢

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. 🤑💼

– Simon Gerovich (@gerovich)

This buying spree happened during a time when Bitcoin prices were more unpredictable than a toddler with a drum kit. It hit a record high of $126,000 in October, only to plummet below $85,000 faster than you can say “market volatility.” But did Metaplanet flinch? Not a bit. They kept buying like it was a Black Friday sale. 🛍️🎢

After all this, their Bitcoin treasure chest now holds 35,102 BTC, with a total spend of $3.78 billion. Their average cost per Bitcoin? A tidy $107,606. Not too shabby, eh? 🧮💎

Funding the Bitcoin Extravaganza

Now, you might be wondering, “Where did they get all this cash?” Well, Metaplanet didn’t just raid the piggy bank. They got creative! In October, they secured a $500 million credit facility, supposedly to support a share buyback plan and, of course, more Bitcoin purchases. They claim the loans are low-risk, but let’s hope they’re not playing with fire. 🔥💳

Management insists they’re keeping borrowing levels low compared to their Bitcoin value, leaving room for price drops. They expect the financial impact of the loan to be as small as a flea by year-end. Let’s hope they’re right, or it’ll be a flea that bites back. 🐜💥

They also issued new shares to overseas investors, which helped fund their Bitcoin binge. This clever move allowed them to keep building their treasury without putting too much strain on daily operations. Smart, or just plain lucky? You decide. 🍀🤔

Related Reading: Japan’s Bitcoin Giant Launches Dividend Shares

Market Volatility: The Rollercoaster Ride

Bitcoin prices took a nosedive during the quarter, trading near $87,400 at the time of reporting. This left Metaplanet’s fourth-quarter purchases in a bit of a pickle, with their $451 million now valued closer to $374 million. Ouch. 😬📉

Their total holdings are worth about $3.06 billion at current prices, which is still a far cry from the $3.78 billion they spent. But hey, who’s counting? 🤷‍♂️💸

Crypto treasury stocks also took a hit during the downturn, and Metaplanet’s shares followed suit. Their US-listed shares on OTC Markets closed down 4.26% at $2.70. Earlier in the year, they were trading above $15. Talk about a wild ride! 🎢📊

The Tokyo-listed stock didn’t fare much better, dropping nearly 8% in one session to close at 405 yen. Still, it ended the year up about 8%. Small victories, right? 🎉🇯🇵

Treasury Value and the Mysterious mNAV

Metaplanet keeps track of its value using a metric called mNAV, which compares the firm’s market value to its Bitcoin treasury value. A reading above 1 means the stock trades at a premium. Their mNAV tends to fluctuate between 0.9 and 1.02, indicating the market values them slightly above (or below) their Bitcoin holdings. It’s like a financial tightrope walk. 🪜⚖️

mNAV Chart

Metaplanet claims their Bitcoin acts as strong collateral, supporting their loan structure and limiting downside risk. Let’s hope they’re not just blowing hot air, or it could all come crashing down like a house of cards. 🏠💨

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2025-12-30 15:47