Metaplanet Buys 5,075 BTC for $405M to Become 3rd Largest Corporate Treasury

Metaplanet’s climb to 3rd place was partly handed to it by MARA, which bought 15K BTC in March, reducing its holdings to 38,689.

Metaplanet has acquired 5,075 Bitcoin for $405.48 million throughout Q1 2026 at a mean worth of $79,898 per BTC, to convey its whole holdings to 40,177.

The acquisition has moved the Japanese agency previous MARA Holdings into third place amongst public firms with Bitcoin reserves, making it the primary non-American company holder to interrupt into the highest three.

Metaplanet Climbs Rankings After Aggressive Q1

CEO Simon Gerovich announced the Q1 figures in an X publish on April 2, noting that Metaplanet had achieved a year-to-date Bitcoin yield of two.8%. The brand new buy introduced the corporate’s mixture price foundation to only over $104,000, with its complete stash purchased for about $4.18 billion.

That common is properly above the place BTC is buying and selling as we speak, with the cryptocurrency sitting beneath $67,000 after being rattled by proclamations made by U.S. President Donald Trump about his nation’s subsequent steps within the ongoing battle within the Center East. On the present worth, Metaplanet’s stash is price about $2.6 billion, placing it within the purple on paper for greater than $1.5 billion.

The Tokyo-listed agency’s climb to 3rd was helped partly by MARA’s sale of 15,133 BTC in March, which raised roughly $1.1 billion to purchase again convertible notes and shore up its stability sheet. It allowed Jack Maller’s Twenty One Capital, holding 43,514 BTC, to maneuver into second place, whereas Metaplanet’s 5,075 BTC purchase took its possession from 35,102 models to over 40,000, previous MARA’s much-reduced 38,689 Bitcoin.

Michael Saylor’s Technique continues to be king of the hill by far. Recall {that a} latest purchase of greater than 1,000 BTC for nearly $77 million took its holdings to 762,099, all purchased for over $57 billion however valued at round $50 billion on the time of writing.

Transparency Questions and Lengthy-Time period Targets

In February and March 2026, Metaplanet bought shares and issued warrants to 3rd events as half of a bigger deal price about $255 million to assist fund its Bitcoin accumulation.

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Nonetheless, its aggressive technique has come beneath hearth, and Gerovich has needed to publicly defend the corporate towards critics who questioned the timing and disclosure of previous Bitcoin purchases, calling the accusations “inflammatory and opposite to the information.”

Moreover, he maintained that every one purchases are introduced when made and that pockets addresses can be found via a stay public dashboard.

He added that choices positions the corporate runs, together with put promoting, are disclosed in monetary statements, noting that Bitcoin per share, the corporate’s major efficiency metric, grew greater than 500% in 2025.

Metaplanet has stated up to now that it needs to personal 100,000 BTC by the tip of 2026 and 210,000 subsequent yr. However as issues stand, reaching these figures would require it to greater than double its present holdings inside 9 months after which greater than quintuple them in 2027.