Purchased 4,279 BTC in Q4 2025 for approximately $451 million at an average price of $105,412 per BTC, bringing total holdings to 35,102 BTC as of December 30, 2025.

Begins trading ADRs on US exchanges on December 19, 2025 under ticker $MPJPY.

Received backing from Norway's sovereign wealth fund for its Bitcoin treasury proposal.

Stock price dropped nearly one-third in 2025, with the company among the worst performers in the Bitcoin treasury sector where 60% of investments are underwater.

Extraordinary General Meeting scheduled for December 22 where shareholders vote on company matters, with proxy voting mechanism now available for foreign shareholders whose brokers don't support direct voting.

Michael Saylor announces Strategy will not issue preferred stock in Japan, giving Metaplanet a 12-month head start in the Japanese market.

Announces launch of MARS, a new class of stock similar to Strategy's STRC, to raise capital for additional Bitcoin purchases.

CEO speaks onstage this week with billionaire Strategy chair in joint appearance.

No Bitcoin purchases for over two months, with last buy occurring on September 29.

Experiences major share price decline along with other Bitcoin treasury companies including MSTR, SMLR, and NAKA.

Draws under Bitcoin-collateralized credit facility now total $280 million and sets accumulation goals of 100,000 BTC by 2026 year-end and 210,000 BTC by 2027.

Raises $50 million using Bitcoin as collateral to purchase additional Bitcoin.

MSCI includes Metaplanet on preliminary list of 38 Digital Asset Treasury Companies for potential removal from major JPMorgan endorsed indexes due to over 50% digital asset holdings. Stock gains 9.5% on Friday as Bitcoin surges to nearly $93,000.

Plans to use existing Bitcoin holdings as collateral for a $130M loan to purchase additional Bitcoin.

Draws $130M from $500M Bitcoin-collateralized credit facility, bringing total drawn to $230M, to fund Bitcoin purchases, revenue operations expansion, and share buybacks. Currently holds 30,823 BTC.

Plans to purchase $95 million worth of Bitcoin.

Completes $150 million fundraising to accelerate Bitcoin accumulation.

Takes BTC-backed loan to purchase more Bitcoin before market correction with average cost basis at $108k; faces potential liquidation risk due to ongoing sell-off pace. Launches new "Word Salad" products.

Metaplanet receives Bitcoin investment as part of a multi-company treasury strategy that includes @Treasury_BTC and @future_hodlings, focused on monetizing bitcoin balance sheets through equity investments.

Launches two perpetual preferred stock classes named $MARS and $MERCURY for high yield offerings in Japanese markets. David Bailey's Bitcoin treasury company sells 387 BTC to fund investments in Metaplanet.

Launches Mercury Class B perpetual preferred equity program to raise ¥21B (~$140M) for Bitcoin acquisition, offering 4.9% fixed dividend with ¥1,000 conversion price and non-dilutive structure until conversion.

Plans to raise $150 million via perpetual preferred equity for Bitcoin acquisition, representing over 1600 BTC.

Stock's mNAV drops below 1, representing a discount to underlying Bitcoin assets rather than the previous 20% premium reported on November 7.

Bitcoin gains fall 39% due to October crash, pressuring corporate treasuries.

Metaplanet secures $100M in BTC-backed loans and states it remains compliant with strong governance amid JPX's review of stricter rules for crypto treasury companies.

Japan Exchange Group warns financing restrictions for crypto-accumulating companies and asks three prospective similar firms to pause plans while considering stricter backdoor-listing rules and re-audits.

Japan Exchange looks at ways to curb crypto hoarding firms, while shares extend losses falling 7.3%.

Stock trades at 1.2x its net Bitcoin asset value (mNAV) as of November 7, representing a 20% premium over its Bitcoin holdings, though premiums for Bitcoin treasury companies collapse when BTC declines.

Stock has declined 78% from its peak, and Bitcoin cost basis sits around $108,000, placing the company's Bitcoin holdings underwater with unrealized losses.

Company sets target to accumulate 210,000 BTC by 2027 (1% of total Bitcoin supply) and has completed $1.4 billion in fundraising through oversubscribed international offerings.

Secures $100 million Bitcoin-backed loan to purchase additional Bitcoin and expand operations.

Metaplanet flips Acer in market ranking or valuation.

Company launches 13% share buyback program using the $500M Bitcoin-backed credit facility, stating the market undervalues its stock.

Company authorizes buyback of up to 150 million shares and secures $500 million credit line for discretionary deployment, while market net asset value recovers to 1.03 from below 1.0.

Asset manager Vanguard discloses $21 million position in Metaplanet acquired during Q3, marking significant institutional investment from the $9 trillion fund manager.

Bloomberg reports 10X Research findings showing retail investors lost an estimated $17 billion seeking Bitcoin exposure through firms like Metaplanet due to inflated share valuations exceeding underlying crypto asset values.

Stock price ($MTPLF) reaches all-time high of $15.35 before retracing to $2.98, while community social activity accounts for 0.25% of all stock market social engagement.

Metaplanet exhausts its capital allocated for Bitcoin purchases, completing its current buying round with no additional acquisition activity continuing.

Market net asset value drops below 1.0 for the first time, meaning the company trades at a discount to its 30,823 BTC holdings valued at $3.44B with an average entry price of $107.9K and $24.68M in debt.

Reaches 1.0x NAV valuation today, with stock price matching the value of underlying Bitcoin assets. (ID: 1977968555938476265)

Temporarily suspends its 20th-22nd series of stock acquisition rights to optimize capital strategy and expand Bitcoin holdings.

Achieves ETF status, marking a significant structural milestone in market classification and institutional accessibility.

The company announces a new capital raise to fund additional Bitcoin purchases, continuing its aggressive BTC accumulation strategy.

Unrealized Bitcoin gains reach record high of $540 million, marking an all-time high for the company's Bitcoin treasury holdings.

Now ranks as the 4th largest publicly traded Bitcoin treasury company, climbing from previous 5th position.

Acquires 5,268 BTC for approximately $600-615 million, bringing total Bitcoin holdings to over 30,000 BTC.

Capital Group more than doubles their stake with an additional $270.5 million investment, bringing their ownership to 11.45% of the company.

The company has achieved 5th place ranking among publicly traded Bitcoin treasury companies globally.

Major Bitcoin acquisition of 5,419 BTC completed for $632 million, establishing total treasury holdings of 25,555 Bitcoin.

Vanguard discloses $50 million investment in the Bitcoin treasury company.

Metaplanet Income Corp. established as wholly-owned U.S. subsidiary while company still needs to acquire 10,000 BTC with effective MNAV at 1.15.

Company completed a 1.45BN share issuance, with stock price declining approximately 6% and approaching the raise price level. The MNAV premium has ended, with net asset value being driven toward 1 or below.

MicroStrategy CEO Michael Saylor believes the company will become the most valuable in Japan.

Company establishes Miami subsidiary to implement Bitcoin derivatives strategy.

Company raises $1.4 billion specifically for Bitcoin purchases.

Metaplanet ranks as the 7th largest corporate Bitcoin holder, controlling 1.93% of the 979,333 BTC held in corporate treasuries.

A bill passage expected in 2026 could cause stock compression based on fundamentals, affecting the current arbitrage-driven mNAV premium structure.

Stock experiences significant decline, contrasting sharply with the recent limit up performance at ¥714/share.

Stock hits limit up closing at ¥714/share following the announced $30M Nakamoto investment at ¥553/share.

Nakamoto announces $30 million investment, marking its largest single investment and first Asian market entry.

CEO indicates "More purchases incoming" beyond the already-announced $1.4 billion Bitcoin acquisition plan.

The company appears to have completed its previously announced $1.4 billion fundraise, with reports indicating ¥205 billion has been successfully raised for additional Bitcoin purchases.

Announces September 10, 2025 overseas offering of 385 million new shares at ¥553 per share, raising ¥212.9 billion ($1.4B) for Bitcoin purchases and BTC option trading strategies.

Acquires an additional $1.6M worth of Bitcoin according to recent market reports.

Acquires additional 136 BTC for approximately $15.2 million at ~$111,783 per bitcoin, increasing total holdings to 20,136 BTC worth approximately $2.057 billion.

Currently trading at 1.94x MNAV based on $103k BTC price assumption, indicating potential overvaluation.

Shareholders approve $3.8B plan to purchase Bitcoin through 555M preferred share issuance.

Acquires 1,009 BTC ($110M), bringing total holdings to 20,000 BTC ($2.15B).

Shareholders to vote on $3.8B Bitcoin purchase plan, potentially establishing position as largest corporate BTC holder in Asia.

Thailand explores establishing sovereign Bitcoin reserve through consultations with treasury firms, signaling expanding institutional adoption in Asia.

$881M capital raise announced for expanding Bitcoin holdings.

Issues 27.5M new shares (14.9% of total) priced ¥966-¥834 through stock acquisition rights exercise.

Japanese tax structure creates arbitrage opportunity driving premium to NAV, as corporate BTC holdings receive preferential tax treatment versus direct BTC ownership.

Adds 103 BTC to holdings, now at 18,991 BTC ($1.95B) with 479.5% YTD yield.

Completed $20.36M bond redemption with current BTC holdings at $2.16B against $96.7M outstanding bonds, improving BTC/liability ratio to 22.30x

Foreign shareholders gain proxy voting access for September 1 EGM despite broker limitations.

Eric Trump plans Tokyo visit for September shareholder meeting to expand crypto initiatives.

Shareholder meeting scheduled for 9/1 with three proposals; IBKR holders must submit votes by 8/25 8PM EST

Strategic goal announced to accumulate 1% of total Bitcoin supply by 2027.

Project faces declining BTC yields and mNAV values as DAT sector undergoes market-wide correction and increased competition.

Holdings update reveals accelerated accumulation to 18,888 BTC total position.

New 775 BTC purchase worth $90M; holdings reach $2.18B with 18.67x over-collateralization on bonds

Corporate Bitcoin accumulation target of 30,000 BTC by 2025 is 60.4% complete.

90% of total Bitcoin holdings acquired within past 6 months, indicating aggressive recent accumulation strategy.

Norway's sovereign wealth fund doubles its position, marking significant institutional adoption signal.

mNAV reaches new all-time low at 2.09

Now ranks as Asia's largest and world's fourth-largest corporate Bitcoin holder.

New ¥242.2B raise deployed for BTC acquisition strategy, projecting 468.1% yield for 2025.

Q2 earnings released with new Bitcoin-backed yield curve initiative in Japanese fixed income markets and Metaplanet Prefs launch.

New 518 BTC acquisition worth $61.4M increases holdings to 18,113 BTC ($2.1B total value).

Phase 2.0 launches with debt reduction and unencumbered balance sheet, maintaining conservative leverage approach.

New 463 BTC purchase worth $53M, increasing holdings to 17,595 BTC ($2B).

Plans to accumulate 210,000 BTC in treasury holdings through $3.7B share issuance by 2027.

Planned ¥555B share issuance split into two 6%-dividend classes (Senior Fixed and Convertible) with proceeds targeted for Bitcoin accumulation through 2027.

Files to issue ¥555B ($3.7B) in perpetual preferred shares.

Trading at 2.9x NAV premium, highest among Digital Asset Treasuries, indicating significant overvaluation risk in current bear market conditions.

New 780 BTC purchase at $118,622 each totaling $92.5M, bringing holdings to 17,132 BTC ($1.73B)

Share price drops 43% from peak after becoming Japan's most liquid stock, amid overvaluation concerns.