14:05 ▪
3
min read ▪ by
Metaplanet has just passed a milestone that very few companies can claim. The Japanese company bought 5,075 Bitcoins in the first quarter of 2026, bringing its treasury to 40,177 BTC. The move moved it to third place among the largest publicly traded bitcoin funds, behind Strategy and Twenty One Capital.
In short
- Metaplanet added 5,075 BTC in Q1 2026.
- Its shares stand at 40,177 BTC, a level that ranks it third in the world.
- His Bitcoin strategy combines long-term accumulation and derivative returns.
Bitcoin offensive that changes the dimension
Metaplanet no longer buys bitcoins just for an image. It builds a model where the BTC treasury becomes the center of gravity of the company. In three months, Metaplanet put about $405 million on the table to acquire 5,075 BTC, with an average price close to $79,898 per Bitcoin. With 40,177 BTC in reserve, the group is clearly changing the category in the ecosystem of companies exposed to Bitcoin.
This number matters beyond the symbol. Exceeding 40,000 BTC is no longer a position of conviction. It is the logic of power. The larger the reserve grows, the more Metaplanet establishes itself as a key player in publicly traded Bitcoin finance, especially in Asia, where it has already established itself as a central name.
The decline of other players also contributed to this progress. Several reports suggest that Metaplanet has overtaken MARA in the ranking of corporate bitcoin holders, accelerating its rise to third place globally. In this market, climbing up does not depend only on purchases. It also depends on the sales of others.
A model that does not rely solely on purchase
Another key point, often less visible, concerns the financial mechanisms of the group. Metaplanet reported a BTC yield of 2.8% since the start of 2026, an internal metric that tracks the growth of bitcoins held per share. In other words, the company is trying to increase its exposure to Bitcoin without reducing its performance to a simple price change.
Meanwhile, the company generated quarterly revenue of ¥2.97 billion, about $18.6 million, thanks to BTC-related activity. This branch refers to option strategies backed by collateral and managed separately from the long-held BTC reserve. It’s a two-tier architecture, quite rare and much more structured than a simple “buy and hold”.
This is where Metaplanet gets interesting. The company is trying to turn Bitcoin into a reserve asset, but also as a revenue engine. The capital generated by this activity can then be recycled into new BTC purchases. Simply put, the group is trying to expand its Bitcoin supply using the money generated around Bitcoin itself.
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Fascinated by Bitcoin since 2017, Evariste has been constantly researching the topic. While his initial interest was in trading, he now actively seeks to understand all developments focused on cryptocurrencies. As an editor, he strives to consistently produce high-quality work that reflects the state of the industry as a whole.
DISCLAIMER OF LIABILITY
The views, thoughts and opinions expressed in this article are solely those of the author and should not be construed as investment advice. Before making any investment decision, do your own research.
