Key Highlights
- Metaplanet added 5,075 BTC in the first quarter of 2026 at an average price of $79,898 per BTC, for a total investment of $405.48 million. This brought the company’s total Bitcoin holdings to 40,177 BTC as of March 31, 2026, with an overall cost basis of approximately $4.18 billion.
- The Q1 purchases delivered a 2.8% BTC yield year-to-date, continuing Metaplanet’s aggressive accumulation strategy that started in April 2024. The company has consistently scaled its holdings through 2025, reaching 35,102 BTC by year-end.
- Metaplanet now ranks as the third-largest public Bitcoin treasury globally and #1 in Asia and it remains committed to its long-term Bitcoin strategy, targeting 100,000 BTC by the end of 2026 and 210,000 BTC by 2027, despite trading below its average cost basis and market volatility. Funding has come from equity raises, warrants, and options income.
Metaplanet, the Tokyo-listed company that has transformed itself into one of Asia’s most aggressive corporate Bitcoin (BTC) accumulators, added 5,075 BTC to its treasury during the first quarter of 2026.
The purchases, made at an average price of $79,898 per coin for a total outlay of $405.48 million, lifted the firm’s holdings to 40,177 BTC as of March 31, according to an update from CEO Simon Gerovich. The company’s overall cost basis now stands at approximately $4.18 billion, reflecting an average acquisition price of $104,106 per coin.
The latest tranche delivered a 2.8% BTC yield for the year to date, which was the company’s preferred metric for tracking growth in Bitcoin holdings per fully diluted share. This continues a pattern of steady accumulation that began in April 2024, when Metaplanet held just 1,762 BTC at year-end.
Throughout 2025, the firm scaled its strategy significantly with reported strong quarterly BTC yields, including 95.6% in Q1 2025 with net additions around 696–5,000 BTC depending on options activity, pushing holdings past 4,000 BTC early in the year and eventually reaching 35,102 BTC by December 31, 2025.
The firm currently ranks third in the list of top public Bitcoin treasury companies and first in Asia, as per data from BitcoinTreasuries.net.
A long-term commitment plan
Metaplent’s BTC treasury expansion was funded by multiple capital raises, including equity placements and warrants, while the firm also generated revenue from a separate Bitcoin income-generation business using options.
Despite trading below its average cost basis and booking substantial unrealized losses at times, Metaplanet has stuck to its long-term view of Bitcoin as a core reserve asset. Its executives have set ambitious targets, claiming 100,000 BTC by the end of 2026 and 210,000 BTC or roughly 1% of total supply by 2027.
Currently, Bitcoin trades around $66,242, down about 3.34% in the last 24 hours, as per CoinMarketCap data.
The Japanese firm’s Q1 2026 purchases mark another chapter in this ongoing buildup, underscoring Metaplanet’s commitment amid market volatility. The company continues to disclose transactions promptly and maintains it separates long-term holdings from its income-generating options portfolio.
Also read: Morgan Stanley Moves Closer to Launching Spot Bitcoin ETF in April
