Metaplanet Ascends to 3rd Position Among Public BTC Treasuries With 5,075 Bitcoin Q1 Acquisition
The Tokyo-based firm increased its total Bitcoin reserves to 40,177 units during Q1 following a purchase exceeding $400 million, securing its position as the world's third-largest corporate BTC holder.
According to Bitcoin Treasuries data, Metaplanet revealed it purchased 5,075 Bitcoin throughout the initial quarter of 2026, spending approximately $405 million at an average price of roughly $79,898 per Bitcoin, elevating the firm to become the third-largest publicly-traded entity holding Bitcoin in corporate treasury.
Based in Tokyo, the publicly-listed firm now maintains 40,177 Bitcoin (BTC) within its corporate balance sheet, representing a combined cost basis of approximately $4.18 billion with an average acquisition price of $104,106 per individual coin, as detailed in investor documentation distributed by the company's chief executive Simon Gerovich.
Additionally, Metaplanet disclosed a year-to-date BTC Yield measuring 2.8% for the year 2026, representing a proprietary company performance indicator that measures the expansion of Bitcoin accumulation calculated on a per-share basis instead of measuring income produced throughout the treasury holdings.
In a separate disclosure, the company shared first-quarter fiscal 2026 operating revenue totaling 2.97 billion Japanese yen (equivalent to approximately $18.6 million) derived from its Bitcoin Income Generation operations, which employs collateral-backed Bitcoin option strategies operating within a designated portfolio that remains separated from its strategic long-term BTC reserves.
This first-quarter performance compares against full-year fiscal 2025 revenue of approximately $53.7 million generated from the identical business segment, bringing trailing 12-month revenue to approximately $71.5 million, as documented in an April 2 regulatory filing.
These regulatory disclosures demonstrate that Metaplanet is executing a dual-strategy Bitcoin approach through simultaneous expansion of its strategic long-term treasury holdings while operating a segregated options-based business designed to generate revenue streams that can subsequently be reinvested into further Bitcoin acquisitions.
Capital strategy and market reaction
Revenue generated from the income generation operations can be transferred into the strategic long-term Bitcoin portfolio following the completion of option cycles, enabling Metaplanet to transform derivatives-based revenue streams into supplementary BTC accumulation over extended periods, according to statements within the filing.
The firm maintained its previously announced consolidated revenue and operating profit projections for the fiscal year concluding Dec. 31, 2026, keeping guidance consistent with the forecast originally published on Jan. 26, 2026. Despite the positive acquisition announcement, Metaplanet shares experienced a decline in Thursday trading, settling at $302 per share, representing a 1.95% decrease from the previous day's closing price of $308, based on data sourced from Yahoo! Finance.
Within the wider landscape of corporate Bitcoin treasury holdings, peer holding company Nakamoto announced Wednesday that it liquidated 284 BTC for $20 million during March and divested a substantial portion of its Metaplanet equity position at a financial loss during the first quarter, illustrating how publicly-traded Bitcoin investment vehicles continue to experience heightened sensitivity to cryptocurrency price volatility and prevailing capital market conditions.