Metaplanet Adds $451 Million Bitcoin in Q4, Yield Tops 528%

Core Insights - Metaplanet acquired 4,279 Bitcoin in Q4 2025 for approximately $451 million, aiming to accumulate a total of 210,000 Bitcoin by 2027 [1][2] - The company's Bitcoin holdings have increased to 35,102 BTC, achieving a year-to-date BTC yield of 568.2% [2] - Metaplanet's total Bitcoin investment amounts to nearly $3.78 billion, with an average purchase price of $107,606 per BTC, resulting in an unrealized loss of about $520.34 million [3] Financial Performance - The company anticipates operating revenue of JPY 4.242 billion from its Bitcoin income business in Q4 2025 [5] - Metaplanet's stock price has experienced an 8% decline, closing at 405 JPY, reflecting the pressure on Bitcoin prices [2][5] - The stock's trading volume has decreased below the average of nearly 34 million shares, contrasting with a previous week when it rose by 4.16% [6] Shareholder Actions - Metaplanet has completed the payment for the issuance of 23,610,000 MERCURY Class B preferred shares through third-party allotment [4] - Shareholders had previously approved five major proposals, including the issuance of dividend-paying preferred shares to raise capital [6][7]