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Tokyo Firm Expands BTC Treasury
Metaplanet acquired 5,075 Bitcoin for approximately $398 million in Q1 2026.
“Metaplanet added 5,075 BTC for $398 million, bringing total holdings to 40,177 BTC worth about $3.9 billion”
The average purchase price was about $78,000 per coin, well above the current market price of roughly $66,400.
Metaplanet overtook MARA Holdings while Twenty One Capital holds second place.
Strategy remains by far the largest with over 762,000 BTC.
Strategic Accumulation Amid Market Volatility
Metaplanet generated 2.97 billion yen in bitcoin income to offset acquisition costs.
The purchase price was well above the prevailing market price, creating an unrealized loss.
The company reported a year-to-date Bitcoin yield of 2.8%.
Gerovich emphasized the long-term view despite scrutiny.
Private Ownership, Public Impact
Metaplanet represents the first non-American holder in the top three.
“Metaplanet's rise in the rankings owes as much to MARA's retreat as to its own accumulation”
MARA sold roughly 15,000 BTC in March to repurchase convertible notes.
The entire stash was bought for approximately $4.18 billion at an average cost basis above $104,000.