Key Highlights
- Metaplanet acquired 5,075 BTC during Q1 2026, investing approximately $398 million with an average acquisition price ranging from $78,000 to $79,898 per Bitcoin.
- The company’s Bitcoin reserves have climbed to 40,177 BTC, representing a value between $2.6 billion and $3.9 billion based on fluctuating BTC prices.
- This acquisition enabled the Tokyo-based company to surpass MARA Holdings, securing the third position among global corporate Bitcoin treasuries.
- Strategy (MSTR) maintains dominance with more than 762,000 BTC in holdings; Twenty One Capital (XXI) holds the second position with 43,514 BTC.
- Bitcoin experienced a decline exceeding 3% to approximately $66,395, while BTC futures open interest decreased by 4.7% to $46.71 billion.
During the opening quarter of 2026, Metaplanet expanded its Bitcoin treasury by 5,075 BTC through an investment of roughly $398 million. The company’s average acquisition price for this batch settled around $79,898 per Bitcoin.
This strategic purchase elevated Metaplanet’s cumulative Bitcoin position to 40,177 BTC. The publicly-traded Tokyo firm has deployed approximately $4.18 billion in its Bitcoin accumulation strategy, establishing an average cost basis near $104,106 per BTC.
Given Bitcoin’s current trading level around $66,395, Metaplanet faces an unrealized deficit approaching $1.5 billion on its cryptocurrency holdings.
Nevertheless, the organization disclosed a BTC yield of 2.8% for the year-to-date period in 2026. Additionally, the company generated operating revenue totaling JPY 2.96 billion through its Bitcoin Income Generation division throughout the quarter.
Chief Executive Officer Simon Gerovich announced the development on X, validating the recent acquisition while communicating directly with investors.
Metaplanet Surpasses MARA in Global Rankings
The first-quarter acquisition proved sufficient to elevate Metaplanet above MARA Holdings within the worldwide Bitcoin treasury hierarchy. MARA’s recent reduction of its BTC position created an opportunity for Metaplanet to advance.
Metaplanet currently occupies the third position internationally. Twenty One Capital (XXI) commands the second spot with 43,514 BTC. Strategy (MSTR) operates in an entirely separate category with holdings exceeding 762,000 BTC.
The differential between Metaplanet and Twenty One Capital stands at approximately 3,337 BTC, indicating the second-place position remains within reach should the acquisition campaign persist.
Metaplanet has additionally modified its capital deployment framework. The refreshed approach seeks to enhance BTC yield through perpetual preferred stock instruments and recommends suspending common share offerings when mNAV drops below 1. The policy further incorporates expanded share repurchase programs designed to optimize BTC yield.
Bitcoin Faces Downward Pressure Following Trump Statements
The equity decline coincided with a wider Bitcoin market downturn. BTC dropped more than 3% to trade in the vicinity of $66,395, with the 24-hour price corridor spanning $66,226 to $69,131.
Bitcoin trading volume contracted by approximately 16% during this timeframe.
President Donald Trump’s remarks regarding possible intensification of the US-Iran conflict contributed to market apprehension during the trading session.
BTC futures open interest on CME declined 0.82%. Binance witnessed a 5.52% reduction. Aggregate BTC futures open interest throughout the marketplace fell 4.7% to approximately $46.71 billion, based on CoinGlass analytics.
Market participants appear to be exercising restraint in anticipation of Friday’s Nonfarm Payrolls release and an upcoming cryptocurrency options expiration event.
Metaplanet shares have depreciated more than 6% during the previous month and registered a 25% decline year-to-date. The 24-hour trading bandwidth for the stock ranged from 298 to 313 JPY, with volume tracking below the typical average of approximately 30 million shares.
