Metaplanet maintained its aggressive buying spree through Q1 2026, scooping up 5,075 BTC for an eye-popping $406 million at an average price of about $79,898 per Bitcoin.
The Tokyo Exchange-listed investment firm held 40,177 BTC as of March 31, purchased for approximately $4.18 billion at an average acquisition cost of $104,106 per coin.
The stash elevates Metaplanet past Bitcoin miner MARA Holdings to claim the third spot among corporate Bitcoin holders, trailing only Michael Saylor’s Bitcoin treasury giant Strategy and Tether-backed Twenty One Capital, according to Bitcoin Treasuries data.
Metaplanet reported that its Bitcoin income business generated about $19 million in the three months ending March 31, leveraging collateral-secured options strategies to help reduce its effective Bitcoin acquisition costs. The company explained that revenues from this segment are reinvested in its bold accumulation strategy, noting that these proceeds may help reduce the overall cost basis of Bitcoin acquired during the same period.
The company also disclosed a year-to-date BTC yield of 2.8% for 2026, a proprietary metric that measures the growth of its Bitcoin holdings on a per-share basis rather than focusing on income generated from its treasury assets.
 
Metaplanet’s Q1 accumulation comes on the heels of its recent announcement of an additional $531 million in funding capacity to support its long-term goal of amassing 210,000 BTC by the end of 2027. The move aligns with the company’s broader expansion into the digital asset space, which includes launching venture capital and asset management subsidiaries, as well as making strategic investments such as its stake in the Japanese stablecoin JPYC.
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