Crypto02 April, 20261 min read
Metaplanet Acquires 5,075 BTC, Becomes Third Largest Corporate Bitcoin Holder
Acquired 5,075 BTC in Q1 2026 for $398–$405 million. Total holdings reached 40,177 BTC.

Tokyo Firm Expands BTC Treasury
Metaplanet acquired 5,075 Bitcoin for approximately $398 million in Q1 2026. 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. 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.