Metaplanet, a Tokyo-listed investment and operating company focused on Bitcoin treasury management, reported the acquisition of an additional 4,279 Bitcoin during the fourth quarter, according to a regulatory filing and related disclosures.

The company said the purchases were completed at an average price of approximately ¥16.33 million per Bitcoin, for an aggregate outlay of about ¥69.9 billion. 

Following the transaction, Metaplanet’s total Bitcoin holdings rose to 35,102 Bitcoin, placing it among the largest publicly traded corporate holders of Bitcoin globally.

Cumulatively, the company has invested roughly ¥559.7 billion to build its Bitcoin position, with an average purchase price of about ¥15.95 million per Bitcoin. 

Metaplanet has previously stated that it is targeting total holdings of 210,000 Bitcoin by the end of 2027.

In addition to direct accumulation, Metaplanet operates a Bitcoin income generation business that employs derivatives strategies alongside its long-term holdings. 

The company has indicated that this unit is expected to generate approximately $55 million in revenue for the full fiscal year.

Metaplanet also reports its multiple to net asset value (mNAV), a metric comparing enterprise value to the net asset value of its Bitcoin holdings. 

As of the latest disclosure, the company’s mNAV was slightly above 1.0, suggesting that its market valuation is broadly in line with the value of its Bitcoin position.

Shares of Metaplanet closed recently at around ¥405, reflecting gains earlier in the year, though the stock remains significantly below its historical peak.

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