Metaplanet Becomes Third-Largest Public Bitcoin Holder with 40,177 BTC

Highlights:

• Metaplanet bought 5,075 Bitcoin in the first quarter, raising total holdings to 40,177 BTC.
• The company spent $405.48 million and kept expanding its Bitcoin treasury strategy at a rapid pace.
• Metaplanet’s rapid buying lifted it to the third-largest public Bitcoin treasury company.

Metaplanet, a Tokyo-listed Bitcoin-focused company, said it bought 5,075 Bitcoin during the first quarter of 2026, pushing its total corporate holdings to 40,177 BTC by 31 March. The figures show that the company is still moving aggressively with its Bitcoin treasury strategy, even as market conditions remain uncertain.

On Thursday, CEO Simon Gerovich said Metaplanet spent about $405.48 million to buy Bitcoin during the first quarter, paying an average price of roughly $79,898 per coin. The company also reported a year-to-date BTC Yield of 2.8%, a metric it uses to measure Bitcoin growth on a diluted per-share basis.

メタプラネットは、2026年第1四半期を通じて5,075 BTCを約636.45億円で取得（1BTCあたり約12,540,793円）しました。2026年の年初来BTCイールドは2.8%を達成しました。2026年3月31日現在、当社の保有量は40,177 BTCで、約6,233.70億円（1BTCあたり約15,515,598円）で取得しています。 pic.twitter.com/LA3jTgaRJg

— Simon Gerovich (@gerovich) April 2, 2026

Following the latest purchases, Metaplanet’s total Bitcoin acquisition cost rose to around $4.18 billion. Meanwhile, its average purchase price across all holdings reached about $104,106 per BTC.

Metaplanet Ranks Third Among Public Bitcoin Treasury Firms

It marks a sharp increase from the company’s position at the end of the previous year. Earlier reports showed Metaplanet held 35,102 BTC at year-end, which means it added more than 5,000 BTC in just three months. This pace shows the company is doing more than simply keeping Bitcoin as a reserve asset. It is actively building one of the largest corporate Bitcoin treasuries in the market.

Its longer-term goals are even bigger. Metaplanet has previously said it wants to hold 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. Metaplanet is now the third-largest public Bitcoin treasury company, behind Strategy and Twenty One Capital. It is also the first non-U.S. firm to break into the top three.

Fresh Capital Supports More Bitcoin Buying

Metaplanet recently raised fresh capital to keep growing its Bitcoin strategy. In February and March, the company completed share placements and warrant deals that brought in about $255 million. If investors exercise all of the attached warrants later, the total funding could increase to roughly $531 million. 

The company designed the deal to fund more Bitcoin purchases without taking on debt. CEO Simon Gerovich said Metaplanet priced the new shares slightly above the market rate and set the warrant exercise prices at higher levels to help limit dilution for existing shareholders. The company plans to use most of the proceeds to buy more Bitcoin and increase Bitcoin per share over time.

“The company gets immediate capital to grow the Bitcoin balance sheet. If the stock goes higher and warrants are exercised, we receive additional capital at a price above today’s market. The investors get to express a view on volatility. This isn’t zero-sum. Both sides can win,” he stated at that time.

Metaplanet is also expanding its shareholder rewards program. On 25 March, the company said it plans to launch the Metaplanet Card this summer for shareholders. The card will offer 1.6% back in Bitcoin on purchases, adding a new Bitcoin-based benefit for investors.

🚨JUST IN: METAPLANET TO LAUNCH BTC REWARD CARD FOR SHAREHOLDERS

Metaplanet has announced a new crypto-linked card product. The MetaPlanet Card will launch this summer. It will be exclusive to company shareholders.

The card offers 1.6% of spending returned in Bitcoin. pic.twitter.com/iBG8tyBDvj

— BSCN (@BSCNews) March 25, 2026