Metaplanet Hits 30K Bitcoin Holdings Target as Q4 Begins, but Stock Tanks 10%

Group 1 - Metaplanet, Asia's largest corporate Bitcoin holder, purchased an additional 5,268 BTC at $116,870 per Bitcoin, totaling an investment of $615 million [1] - As of October 1, 2025, Metaplanet holds a total of 30,823 BTC, acquired for approximately $3.33 billion at an average cost of $107,912 per Bitcoin, making it the fourth-largest Bitcoin Treasury firm globally [2] - The Bitcoin Income Generation segment reported quarterly revenue of 2.438 billion JPY in Q3 2025, reflecting a 115.7% increase from Q2 [3] Group 2 - Following the strong Q3 performance, Metaplanet revised its full-year 2025 consolidated guidance, expecting revenue of 6.8 billion JPY and an operating profit of 4.7 billion JPY, indicating a 100% increase in revenue and an 88% rise in operating profit compared to previous projections [4] - CEO Simon Gerovich highlighted that the Q3 results demonstrate operational scalability and strengthen the company's financial position ahead of the planned preferred share issuance [5] Group 3 - Despite the strong Q3 results, Metaplanet's stock price fell by 10.26% to 516 JPY, with a 37% correction over the past month, leading to bearish sentiment among traders [6] - Institutions, including Capital Group, have continued to purchase shares, with Capital Group becoming the largest shareholder at 11.45% [6] - Benchmark Equity Research reaffirmed a "Buy" rating on Metaplanet, setting a price target of 2,400 JPY by the end of 2026 [7]