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In an X post, Metaplanet CEO Simon Gerovich revealed that the Tokyo-listed investment company spent $451.06 million to buy the Bitcoin haul, at an average price of $105,412 per BTC.
The latest acquisition pushes Metaplanet’s Bitcoin investment to $3.78 billion at an average purchase price of $107,607 per coin, bringing total holdings to 35,102 BTC, making it the fourth-largest public corporate holder of the world’s most valuable cryptocurrency.
The firm — which has been dubbed “Asia’s MicroStrategy” by some investors — pivoted from its core hotel and technology business to start scooping up Bitcoin in 2024.
210,000 BTC By 2027?
Metaplanet’s multiple net asset value (mNAV), a ratio of the company’s enterprise value to its Bitcoin, stands just above 1. The drop in mNAV hasn’t fazed the company at all as it continues its BTC-stockpiling master plan.



 With the recent purchase, Metaplanet has surpassed its year-end 2025 target of 30,000 BTC and is now more than a quarter of the way toward its 2026 goal of 100,000 coins. The company intends to own 210,000 BTC by the end of 2027, which is equivalent to 1% of the entire Bitcoin supply.
Bitcoin witnessed considerable volatility during Q4 this year, plummeting from its October record high of $126,080 to lows of sub-$85,000 in the span of weeks. The apex crypto was changing hands at $87,950 at the time of writing, up 0.9% in the past 24 hours, according to CoinGecko data.
Metaplanet has also created a Bitcoin Income Generation business that utilizes derivatives to generate recurring revenue while supporting long-term BTC holdings. The company anticipates the unit to rake in roughly $55 million in revenue for the full fiscal year.
