Metaplanet has acquired 5,075 Bitcoin for $405.48 million throughout Q1 2026 at a mean value of $79,898 per BTC, to carry its complete holdings to 40,177.
The acquisition has moved the Japanese agency previous MARA Holdings into third place amongst public firms with Bitcoin reserves, making it the primary non-American company holder to interrupt into the highest three.
Metaplanet Climbs Rankings After Aggressive Q1
CEO Simon Gerovich introduced the Q1 figures in an X submit on April 2, noting that Metaplanet had achieved a year-to-date Bitcoin yield of two.8%. The brand new buy introduced the corporate’s combination price foundation to simply over $104,000, with its whole stash purchased for about $4.18 billion.
That common is properly above the place BTC is buying and selling right this moment, with the cryptocurrency sitting beneath $67,000 after being rattled by proclamations made by U.S. President Donald Trump about his nation’s subsequent steps within the ongoing battle within the Center East. On the present value, Metaplanet’s stash is value about $2.6 billion, placing it within the crimson on paper for greater than $1.5 billion.
The Tokyo-listed agency’s climb to 3rd was helped partly by MARA’s sale of 15,133 BTC in March, which raised roughly $1.1 billion to purchase again convertible notes and shore up its stability sheet. It allowed Jack Maller’s Twenty One Capital, holding 43,514 BTC, to maneuver into second place, whereas Metaplanet’s 5,075 BTC purchase took its possession from 35,102 models to over 40,000, previous MARA’s much-reduced 38,689 Bitcoin.
Michael Saylor’s Technique continues to be king of the hill by far. Recall {that a} current buy of greater than 1,000 BTC for nearly $77 million took its holdings to 762,099, all purchased for over $57 billion however valued at round $50 billion on the time of writing.
Transparency Questions and Lengthy-Time period Targets
In February and March 2026, Metaplanet bought shares and issued warrants to 3rd events as half of a bigger deal value about $255 million to assist fund its Bitcoin accumulation.
Nevertheless, its aggressive technique has come underneath hearth, and Gerovich has needed to publicly defend the corporate towards critics who questioned the timing and disclosure of previous Bitcoin purchases, calling the accusations “inflammatory and opposite to the details.”
Moreover, he maintained that every one purchases are introduced when made and that pockets addresses can be found by way of a reside public dashboard.
He added that choices positions the corporate runs, together with put promoting, are disclosed in monetary statements, noting that Bitcoin per share, the corporate’s main efficiency metric, grew greater than 500% in 2025.
Metaplanet has mentioned up to now that it needs to personal 100,000 BTC by the top of 2026 and 210,000 subsequent 12 months. However as issues stand, reaching these figures would require it to greater than double its present holdings inside 9 months after which greater than quintuple them in 2027.
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