Metaplanet Reports 568.2% BTC Yield for 2025 as Bitcoin Holdings Reach 35,102

Core Insights - Metaplanet Inc. has significantly accelerated its Bitcoin strategy, reporting a year-to-date BTC Yield of 568.2% for 2025 and increasing total holdings to 35,102 BTC [1][2] Group 1: Bitcoin Accumulation Strategy - The company acquired an additional 4,279 BTC in Q4 2025 at an average price of ¥16.33 million ($104,642) per coin, raising total investment in Bitcoin to approximately ¥559.7 billion with an average price of ¥15.95 million ($102,207) per BTC for the year [2] - Bitcoin purchases are funded through operating income, capital market activities, and Bitcoin-backed credit facilities, indicating a sophisticated treasury strategy that combines market timing and corporate financing tools [3] Group 2: Performance Metrics - In Q4 2025, BTC Yield reached 11.9%, contributing to the annual performance, following yields of 95.6%, 129.4%, and 33.0% in earlier quarters [3] - The proprietary BTC Yield metric measures changes in Bitcoin holdings per fully diluted share, providing a framework for assessing shareholder accretion from Bitcoin accumulation rather than direct profit [4] Group 3: Market Position and Volatility - Metaplanet ranks 4th globally in corporate Bitcoin adoption, although its portfolio is down 18.9% in market value due to Bitcoin's price volatility over the year [5] - The company emphasizes that BTC Yield serves as a KPI for strategic accumulation rather than a measure of realized gains or operational performance [6]