Metaplanet buys 4,279 bitcoin, lifts total holdings to 35,102 BTC

Core Viewpoint - Metaplanet is aggressively expanding its bitcoin holdings, aiming for significant growth in its bitcoin treasury management strategy while also developing a revenue-generating business model around bitcoin derivatives. Group 1: Bitcoin Acquisition - In the fourth quarter, Metaplanet purchased an additional 4,279 bitcoin for a total of $451 million, averaging $105,412 per bitcoin, bringing its total holdings to 35,102 BTC, making it the fourth largest publicly traded company in terms of bitcoin ownership [1] - The company has a target of owning 210,000 BTC by the end of 2027 [1] Group 2: Financial Performance - Metaplanet has spent approximately $3.78 billion on bitcoin at an average price of $107,607 [2] - The company's shares have increased by 8% this year, closing at 405 yen ($2.60), although they remain down 80% from their all-time high in June [2] Group 3: Revenue Generation - Metaplanet has established a bitcoin income generation business that utilizes derivatives to create recurring revenue while supporting its long-term bitcoin holdings [3] - The company anticipates this unit will generate around $55 million in revenue for the full fiscal year [3] - The firm's multiple to net asset value (mNAV) is just above 1, indicating a balance between its enterprise value and bitcoin net asset value [3]