TLDR
- Metaplanet bought 5,075 BTC in Q1 2026 for about $400 million.
- Total Bitcoin holdings rose to 40,177 BTC, worth about $2.7 billion.
- Metaplanet passed MARA and now ranks third among public Bitcoin holders.
- Twenty One Capital remains ahead with 43,514 BTC worth about $2.9 billion.
- The company targets 100,000 BTC by the end of 2026.
Metaplanet has reached 40,177 Bitcoin and moved past MARA Holdings in public company rankings. The Tokyo-listed firm is now the third-largest corporate Bitcoin holder.
The latest purchase added 5,075 BTC in Q1 2026 for about $400 million. As a result, Metaplanet is closing the gap with Twenty One Capital.
Metaplanet moves ahead of MARA
Metaplanet said its total Bitcoin reserves now stand at 40,177 BTC. Based on the figures shared, those holdings are worth about $2.7 billion.
That total places the company above MARA Holdings among publicly traded firms. MARA recently sold $1.1 billion in Bitcoin, while Metaplanet kept adding to its reserves.
The company also posted its new ranking on social media. It wrote, “Metaplanet is now ranked #3 in total $BTC holdings amongst global publicly traded companies.”
Still, Twenty One Capital remains ahead for now. It holds 43,514 BTC, valued at about $2.9 billion.
Bitcoin strategy expands after company pivot
Metaplanet was founded in 1999 and once focused on hospitality. However, the company changed direction and adopted a Bitcoin-centered strategy in 2024.
Since then, its balance sheet has changed fast. At the start of 2025, the firm held fewer than 2,000 BTC.
Within about fifteen months, its Bitcoin reserves grew by roughly 2,180%. That pace made Metaplanet one of the fastest-growing public Bitcoin holders.
The company also built two subsidiaries to widen its Bitcoin business. So, the strategy now goes beyond simple accumulation and includes related operations.
Metaplanet has also set larger targets for the next two years. It aims for 100,000 BTC by the end of 2026 and 210,000 BTC by late 2027.
Income and funding support more purchases
During the quarter, Metaplanet’s Bitcoin Income Business generated about $19.8 million in revenue. That amount equals roughly $3,900 for each Bitcoin acquired in the period.
As a result, part of the purchase cost was offset by operating income. The company said this result was close to the market VWAP benchmark of about $79,100.
Metaplanet also reported a BTC Yield of 2.8% for Q1 2026. The company uses that measure to track Bitcoin growth against share dilution.
In addition, it tracks BTC Gain and BTC USD Gain. Those figures separate accumulation from dilution and translate the result into dollar terms.
The Q1 buying followed a $255 million raise in late March. Metaplanet said the funds were set aside for more Bitcoin purchases.
Early estimates pointed to 3,600 to 3,700 BTC from that raise. Yet total funding could reach $531 million if warrants are exercised.
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