Metaplanet Adds 5,075 BTC in Q1, Becomes Third Largest Bitcoin Treasury

Tokyo-listed Bitcoin treasury institution Metaplanet acquired 5,075 BTC during the archetypal 4th of 2026 for astir $405 million, astatine an mean terms of astir $79,900 per coin, the institution announced successful its quarterly study Wednesday.

The acquisition brings its full holdings to 40,177 BTC—acquired for astir $4.18 cardinal astatine an mean outgo ground of $104,106 per coin. This vaults the steadfast past MARA Holdings into 3rd spot among publically traded firm Bitcoin holders globally.

Metaplanet present trails lone Strategy, which holds much than 762,099 BTC, and Twenty One Capital, which holds 43,514 BTC. The steadfast besides reported a BTC output of 2.8% year-to-date.

Metaplanet's "BTC yield" is simply a self-defined metric, alternatively than involvement oregon staking returns connected held Bitcoin. The steadfast uses the word to notation to the maturation successful Bitcoin holdings per diluted share—essentially tracking however efficaciously the steadfast is accumulating much BTC comparative to its stock base.

Strategy, the OG Bitcoin treasury company, uses the aforesaid metric. Twenty One Capital utilized to beforehand its "Bitcoin Per Share" oregon BPS metric, but CEO Jack Mallers said connected his podcast astatine the commencement of the twelvemonth that the institution has stopped utilizing it.

Metaplanet's emergence successful the rankings owes arsenic overmuch to MARA's retreat arsenic to its ain accumulation. MARA sold astir 15,000 BTC successful March for $1.1 cardinal to repurchase a information of its convertible indebtedness astatine a discount, leaving the miner with astir 38,700 BTC.

The Tokyo firm's broader ambitions widen good beyond 3rd place. Under its "555 Million Plan," Metaplanet is targeting 100,000 BTC by year-end and 210,000 BTC by the extremity of 2027—a people that would necessitate astir $10 cardinal successful superior if Bitcoin prices clasp steady.

To money the buying spree, Metaplanet raised $137 cardinal done a stock and warrant merchantability successful January, with further imaginable backing of up to $276 million. The company's stock, which trades connected the Tokyo nether the 3550 ticker and over-the-counter arsenic MTPLF, closed astatine $1.89 (302 yen) connected Wednesday. It has dropped astir 2% connected the day—well beneath its June 2025 highest adjacent 1,930 yen—as shares person struggled to support gait with the firm's accumulation ambitions.