Metaplanet adds $450M in late-December buys, ending 2025 above 35,000 BTC
Metaplanet added 4,279 BTC to take its treasury to 35,102 BTC, as its Bitcoin Income Generation business beat forecasts.
Metaplanet added another 4,279 Bitcoin at an acquisition cost of about $451 million, bringing its total stack to 35,102 BTC (worth around $3 billion) as the Tokyo-listed firm leaned harder into a hybrid model of the Bitcoin treasury and income business.
In a Tuesday filing, the company also reported that revenue from its Bitcoin (BTC) Income Generation business had overshot previous forecasts, jumping to 8.58 billion Japanese yen (about $54 million) for 2025.
Metaplanet’s revenue is driven by option-based strategies that turn its BTC into recurring cash flow rather than a dormant, volatile asset. These options-based strategies use a separate pool of Bitcoin to sell options, earn premiums and cycle those trades, while keeping Metaplanet’s core long-term BTC stash untouched.