Metaplanet Buys 5,075 Bitcoin in Q1 2026, Total Holdings Hit 40,177 BTC

Metaplanet Overtakes MARA Holdings successful Bitcoin Race With Q1 2026 Purchase

The Tokyo-based institution Metaplanet (TSE: 3350 / OTCQX: MTPLF) disclosed the Q1 acquisition connected April 2, 2026, confirming the acquisition was completed by March 31. The institution spent astir $398 cardinal connected the quarter’s buys, acquiring bitcoin astatine a weighted mean terms of astir $78,000 to $79,898 per coin.

With bitcoin trading adjacent $66,400 connected announcement day, Metaplanet’s holdings carried a marketplace worth of astir $2.67 billion. On a mark-to-market basis, that represents an unrealized nonaccomplishment of astir 32 percent against the company’s mean outgo ground of astir $97,593 per BTC.

The institution does not dainty that spread arsenic a awesome to dilatory buying. CEO Simon Gerovich has consistently framed bitcoin arsenic a semipermanent reserve plus suited to Japan‘s inflation and yen-depreciation environment, and the company’s acquisition gait has held dependable crossed each 4th since its April 2024 strategy pivot.

Metaplanet funds purchases done equity raises, indebtedness management, and bitcoin income-generation operations, chiefly options trading against its existing holdings. In Q1 2026, that income concern generated gross of astir 2.97 cardinal yen. When offset against acquisition costs, the institution calculated a nett acquisition terms of astir 11,955,713 yen per bitcoin, astir successful enactment with the quarter’s volume-weighted mean terms connected the Bitflyer exchange.

The Q1 acquisition lifted Metaplanet to 3rd spot among publically traded companies by bitcoin holdings, down Strategy (MSTR) astatine 762,099 BTC and Twenty One Capital (XXI) astatine 43,514 BTC. The determination enactment Metaplanet up of MARA Holdings, which held astir 38,689 BTC aft selling a information of its reserves to negociate debt.

Metaplanet reported a BTC Yield, its interior metric tracking bitcoin-per-diluted-share growth, of 2.8 percent for the archetypal 4th of 2026. That fig reflects meaningful stock issuances during the period. In Q1 2025, by contrast, BTC Yield stood astatine 95.6 percent, reflecting the earlier signifier of the accumulation programme erstwhile dilution had a smaller effect connected the ratio.

The institution raised superior doubly during Q1 done backstage placements. On Jan. 29, the committee approved a combined issuance of 24,529,000 shares and warrants to overseas organization investors astatine 499 yen per share, raising astir 12.24 cardinal yen. On March 16, Metaplanet issued 107,368,000 further shares astatine 380 yen per share, closing March 31 with proceeds of astir 40.8 cardinal yen. Both raises directed proceeds chiefly toward bitcoin acquisition.

Metaplanet began acquiring bitcoin successful April 2024 arsenic a tiny edifice and exertion relation with minimal holdings. Starting with 97.85 BTC, it scaled to 1,761 BTC by December 2024, past accelerated sharply done 2025. By September 2025, full holdings had reached 30,823 BTC. The Q1 2026 summation brought the cumulative number to 40,177.

The company’s stated semipermanent people is 210,000 BTC, representing astir 1 percent of bitcoin’s fixed supply, by the extremity of 2027. At the existent pace, reaching that threshold would necessitate sustained superior raises and continued income operations crossed 7 further quarters.

Metaplanet shares closed astatine astir 302 yen, oregon astir $1.89, connected April 2, down astir 2 percent intraday. The diminution matched broader marketplace question and did not look circumstantial to the announcement.

The institution offers shareholders a acceptable of bitcoin-linked perks, including periodic BTC giveaways and a forthcoming paper rewards programme targeting 1.6 percent cashback successful bitcoin. Gerovich and the institution person utilized societal media, peculiarly X, to sermon the strategy and broader themes of bitcoin arsenic a hedge against fiat currency debasement.

Metaplanet has positioned its bitcoin income concern arsenic a self-reinforcing portion of the treasury model. Options gross lowers the nett outgo of each caller bitcoin acquired, portion accumulated holdings summation the collateral basal disposable for aboriginal income operations.

FAQ 🧭

• What are Metaplanet’s full bitcoin holdings arsenic of Q1 2026? Metaplanet held 40,177 BTC arsenic of March 31, 2026, acquired astatine a cumulative outgo of astir $3.92 billion.
• How does Metaplanet fertile among nationalist companies by bitcoin held? As of April 2, 2026, Metaplanet ranked 3rd globally down Strategy (762,099 BTC) and Twenty One Capital (43,514 BTC).
• How does Metaplanet money its bitcoin purchases? The institution uses equity raises, bitcoin options income, and warrant issuances to concern acquisitions and trim nett acquisition costs.
• What is Metaplanet’s semipermanent bitcoin target? The institution is targeting 210,000 BTC, oregon astir 1 percent of bitcoin’s full supply, by the extremity of 2027.