Metaplanet, a Tokyo-listed investment firm, now holds 40,177 Bitcoin worth $2.7 billion after acquiring 5,075 BTC for $400 million in Q1 2026. The move elevates it to third place among public companies by Bitcoin reserves, surpassing MARA Holdings.
Twenty One Capital remains ahead with 43,514 BTC, valued at $2.9 billion.
Founded in 1999 as a hospitality company, Metaplanet pivoted to Bitcoin in 2024. Its holdings have surged 2,180% since early 2025, when it held fewer than 2,000 BTC. The firm targets 100,000 BTC by 2026 and 210,000 by 2027.
Its Bitcoin Income Business generated $19.8 million in Q1, reducing net acquisition cost to roughly $3,900 per BTC-aligning closely with the $79.1K market VWAP. The strategy uses options-based income to offset purchases, reporting a 2.8% BTC Yield for the quarter.
The acquisition followed a $255 million capital raise in March, with potential for $531 million if warrants are exercised.