Metaplanet’s Latest Bitcoin Buy Pushed Holdings to 40,177 BTC
The Tokyo Stock Exchange-listed company filed its quarterly Bitcoin purchase notice on April 2, confirming it acquired 5,075 BTC at an average price of JPY 12,540,793 per coin. The total quarterly outlay came to JPY 63.645 billion.
After the purchase, Metaplanet’s Bitcoin stack reached 40,177 BTC as of March 31, 2026. At Bitcoin’s current trading price near $66,454, that treasury is worth roughly $2.67 billion.
The filing is the authoritative source for the headline numbers. Some third-party treasury dashboards still displayed an outdated figure of 35,102 BTC at the time of the announcement, underscoring why the original issuer disclosure matters more than aggregator data for corporate Bitcoin holdings.
Why This Purchase Matters for Metaplanet’s Bitcoin Treasury Strategy
Metaplanet’s aggregate Bitcoin position now carries an average purchase price of JPY 15,515,598 per BTC, with a cumulative capital deployment of JPY 623.370 billion. The gap between the Q1 average purchase price and the all-time average suggests the company bought this quarter’s tranche at a meaningful discount to its historical cost basis.
The company is not just stacking Bitcoin; it is building a revenue line around it. A concurrent quarterly results filing showed that Metaplanet’s Bitcoin Income Generation business produced JPY 2.969 billion in Q1 FY2026 revenue.
The purchase filing also reported a Q1 2026 BTC Yield of 2.8%. That metric, which Metaplanet uses to track Bitcoin-denominated returns on its treasury operations, signals the company is trying to make its holdings productive rather than treating them as a passive store of value.
For context, these filings arrived during a quarter where Ethereum network activity neared all-time highs and institutional flows into crypto assets remained a central market theme, with recent ETF flow data showing mixed signals across Bitcoin and altcoin products.
The Bullish Narrative Meets a Risk-Off Bitcoin Market
Metaplanet moved quickly to frame the disclosure in competitive terms. The company posted on X that the purchase elevated it to the third-largest publicly traded Bitcoin holder globally.
Metaplanet is now ranked #3 in total $BTC holdings amongst global publicly traded companies. pic.twitter.com/KXPCSYyWQJ
— Metaplanet Inc. (@Metaplanet) April 2, 2026
Source: @Metaplanet on X
That ranking claim did not appear in the official purchase notice itself. It originated from Metaplanet’s social media post and was echoed by secondary coverage. No independent corporate holdings leaderboard was verified during research to confirm the exact positioning against competitors such as MARA Holdings and Twenty One Capital.
The confident tone from Metaplanet stands in sharp contrast to the broader Bitcoin market backdrop. Bitcoin traded near $66,454 at press time, down roughly 3% over the prior 24 hours. The Fear and Greed Index sat at 12, deep in “Extreme Fear” territory.
That divergence, a publicly traded company projecting conviction while the wider market prices in caution, is not unusual during periods of institutional accumulation. It echoes patterns seen in previous quarters when corporate buyers stepped in during sentiment drawdowns, even as security incidents like the recent Drift Protocol hack added to market unease.
Metaplanet’s next quarterly disclosure will show whether the company maintained its buying pace or whether the current risk-off environment slowed its accumulation. For now, the filing confirms the company spent JPY 63.645 billion in a single quarter to build a Bitcoin treasury that few public companies outside the U.S. can match.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.