Overview
- Metaplanet spent roughly $451 million at an average price of about $105,412 per bitcoin in the quarter, bringing total outlay to approximately $3.78 billion at an average cost near $107,607.
- The company completed payment for 23.6 million Class B preferred shares, raising over 21 billion JPY (about $136 million) largely earmarked for additional bitcoin, with some proceeds for yield strategies and bond redemptions.
- The bitcoin income unit, which uses derivatives to generate recurring revenue, is expected to produce around $54–55 million for the fiscal year.
- Market readings show mNAV hovering just above 1 and more than $500 million in unrealized losses at current prices, even as the shares are up about 8% year to date and remain far below the June peak.
- The firm ranks as the fourth‑largest publicly traded corporate holder and maintains a target of 210,000 BTC by end‑2027, with BTC Yield defined as growth in bitcoin per fully diluted share rather than price gains.