Overview

• The Tokyo-listed firm bought 5,268 BTC on Oct. 1 at an average $116,870, lifting holdings to 30,823 BTC acquired for about $3.33 billion at an average $107,912 per coin.
• With the latest purchase, Metaplanet ranks fourth among publicly traded corporate Bitcoin treasuries and remains the largest listed holder in Asia.
• Q3 Bitcoin Income Generation revenue reached ¥2.438 billion (~$16.2 million), up 115.7% quarter over quarter, leading to new FY2025 guidance of ¥6.8 billion revenue and ¥4.7 billion operating profit.
• Shares fell about 10% to 516 yen on the Tokyo Stock Exchange following the update, extending a roughly 37% decline over the past month reported in coverage.
• Recent financing and expansion include roughly $1.4 billion raised via an overseas share offering, planned perpetual preferred shares, new U.S. and Japan subsidiaries, and Capital Group increasing its stake to 11.45% as the company targets about 210,000 BTC by 2027.