BTC Holdings
40,177 BTC
180d
Stock Price
319.00 JPY
180d
Total financing
68.18B JPY
180d
mNAV
0.91x
180d
Leverage
9.3%
180d
Amplification
14.5%
180d
BTC Credit
1 bps6.9x
Sats/Share
3,096
180d
Mkt capFD
413.99B JPY
SharesFD
1.30B
Fiat reserve
2.55B JPY
Total reserve
456.69B JPY
Dilution
1.9%
Coverage
392.5 yr
Analytics
BTC Coverage
Financials
J-GAAPAnnualAs of 2025-12-31
Balance Sheet
Total Assets¥505.3B▲1566.2%
Total Liabilities¥46.7B▲249.5%
Stockholders' Equity¥458.5B▲2606.9%
Cash & Equivalents¥2.6B▲768.0%
Total Debt¥43.8B▲289.7%
Digital Assets¥481.5B▲1727.4%
Income Statement
Revenue¥8.9B▲738.5%
Operating Income¥6.3B▲1696.3%
Net Income¥-95B▼2241.2%
Interest Expense—
Cash Flow
Operating Cash Flow¥6.6B▲962.3%
ATM Programs
BTC Acquired (est.)
26,807
Assumes 100% of proceeds to BTC
Total Proceeds
¥370.2B
Avg BTC Cost (est.)
¥14M
Shares Issued
708.5M
Common
Instruments
| Instrument | Term | Price | Dividend | Yield | Notional | Shares | BTC Rating |
|---|---|---|---|---|---|---|---|
Mercury | Dec '25 – … | ¥1,000.00 | ¥49/yr | 4.90% | 23.61B JPY | 23,610,000 | 6.9x |
| Total | 23.61B JPY | ||||||
Recent Changes
Tue, Mar 31, 2026
BTC Holdings
35.1K→40.2K+5,075 BTC(+14.5%)
Notice of Additional Purchase of Bitcoin (Q1 2026)
Shares Outstanding
1.14B→1.27B+132.2M(+11.6%)
Notice of Additional Purchase of Bitcoin (Q1 2026)
ATM Activity2026-03-31 – 2026-03-31
107.4M shares$40.80B
International placement to global institutional investors.. BTC est. assuming 100% proceeds to BTC at avg period price
Metaplanet Raises $255 Million to Accelerate Bitcoin AccumulationFri, Feb 13, 2026
Debt OutstandingRepayment3350-CFD
75.0M→0-75.0M(-100.0%)
Bridge draw repaid from Feb 2026 equity raise proceeds
Completion of Payment for New Shares & 25th Series Stock Acquisition RightsATM Activity2026-02-13 – 2026-02-13
24.5M shares$12.24B
Direct share placement to overseas institutional investors.. BTC est. assuming 100% proceeds to BTC at avg period price
Metaplanet Targets Up to $137 Million Equity RaiseFri, Jan 30, 2026
Debt OutstandingDraw3350-CFD
75.0M
Credit Facility D ($75M)
Wed, Dec 31, 2025
Shares Outstanding
1.14B→1.14B+1.0M(+0.1%)
FY 2025 Consolidated Financial Results
Fiat Reserve
1.49B→2.55B+1.06B(+71.5%)JPY
FY 2025 Consolidated Financial Results
Tue, Dec 30, 2025
BTC Holdings
30.8K→35.1K+4,279 BTC(+13.9%)
Analytics Dashboard
Debt OutstandingIssuanceMercury
23.61B
Mercury Preferred Stock Issuance (JPY 21.25B)
Mon, Dec 29, 2025
Debt OutstandingMaturity3350-Dec25B
0
Redemption of the 19th Ordinary Bond
Mon, Dec 1, 2025
Debt OutstandingDraw3350-CFC
50.0M
Credit Facility C ($50M)
Fri, Nov 21, 2025
Debt OutstandingDraw3350-CFB
130.0M
Credit Facility B ($130M)
Fri, Oct 31, 2025
Debt OutstandingDraw3350-CFA
100.0M
Credit Facility A ($100M)