Japanese-listed firm Metaplanet has expanded its bitcoin treasury with a major fourth-quarter acquisition.
The company disclosed it purchased an additional 4,279 bitcoin during the period.
The latest accumulation lifted Metaplanet’s total holdings to 35,102 bitcoin.
The move reinforces its position as the world’s fourth-largest corporate bitcoin holder.
Metaplanet announced the purchases through public statements on social media.
Chief executive Simon Gerovich also confirmed the acquisition through his personal account.
The buying followed closely after Strategy revealed a separate bitcoin purchase earlier in the week.
Market data showed Metaplanet’s holdings were valued at about $3.09 billion at current prices.
Bitcoin was trading near $88,096 per coin at the time of the disclosure.
Metaplanet’s average acquisition cost remains significantly above spot market levels.
The firm’s dollar-cost average price was reported at approximately $107,606 per bitcoin.
That average stands more than 18% above prevailing market prices.
Analysts noted the fourth-quarter buying likely occurred before bitcoin fell below $100,000.
Prior to the latest purchases, Metaplanet held 30,823 bitcoin.
The new acquisition widened its lead over rival treasury holders.
Bitcoin Standard Treasury Company previously trailed closely with 30,021 bitcoin.
Despite its aggressive accumulation, Metaplanet’s equity performance has struggled.
Company shares have fallen more than 74% over the past six months.
The stock declined a further 13% over the last five trading days.
Year-to-date performance remains positive, with shares still up roughly 8%.
The figures highlight the disconnect between share price weakness and balance sheet expansion.
Investors continue to weigh bitcoin exposure against short-term equity volatility.
Market observers describe the strategy as a long-term conviction trade.
Metaplanet has continued buying despite unrealised losses on its holdings.
The company has not signalled any plans to slow its accumulation pace.
Analysts say such treasury strategies test corporate risk tolerance during downturns.
Volatility has intensified scrutiny of firms holding large digital asset positions.
Metaplanet’s actions signal confidence in bitcoin’s long-term value proposition.
The firm has defended its treasury strategy despite shifting market sentiment.
Observers say the balance sheet expansion underscores commitment over short-term price action.
At the time of reporting, Bitcoin price was $88,230.94.