Japanese listed company Metaplanet recently disclosed a solid performance report. CEO Simon Gerovich announced that the company made another move in Q4 of this year, investing approximately $451 million to purchase 4,279 BTC, with an average cost basis of $105,412.

What’s even more noteworthy is the company's overall holdings. As of the end of last year, Metaplanet's BTC holdings had reached 35,102 coins. In other words, the total investment cost was about $3.78 billion, with an average holding cost of approximately $107,606.

Looking at the company's performance over the past year, just in the BTC segment, the book return is quite impressive. This case also reflects the ongoing increase in Bitcoin allocations by traditional listed companies — no longer small-scale institutional investments, but serious long-term bets with real money. For market participants, such large-scale position changes often indicate the level of confidence institutions have in crypto assets.