Key Highlights
- Metaplanet acquired 5,075 BTC during Q1 2026, investing approximately $398 million with an average purchase price between $78,000 and $79,898 per Bitcoin.
- The company’s aggregate Bitcoin treasury now reaches 40,177 BTC, representing a value between $2.6 billion and $3.9 billion based on current market conditions.
- This acquisition propelled the Tokyo-based company past MARA Holdings, securing the third position among corporate Bitcoin treasuries worldwide.
- Strategy (MSTR) maintains dominance with more than 762,000 BTC in holdings, while Twenty One Capital (XXI) occupies the second position with 43,514 BTC.
- Bitcoin experienced a decline exceeding 3% to approximately $66,395, accompanied by a 4.7% decrease in BTC futures open interest to $46.71 billion.
During the opening quarter of 2026, Metaplanet expanded its Bitcoin reserves by 5,075 BTC through an investment totaling approximately $398 million. The acquisition reflected an average cost of roughly $79,898 for each Bitcoin.
During Q1 2026, Metaplanet acquired 5075 BTC for $405.48 million at ~$79,898 per bitcoin and has achieved BTC Yield of 2.8% YTD 2026. As of 03/31/2026, we hold 40,177 $BTC acquired for ~$4.18 billion at ~$104,106 per bitcoin. $MPJPY $MTPLF pic.twitter.com/IMxC3lwYCx
— Simon Gerovich (@gerovich) April 2, 2026
This strategic addition elevated the firm’s cumulative Bitcoin position to 40,177 BTC. The Japanese corporation has now deployed approximately $4.18 billion in its Bitcoin accumulation strategy, establishing an average cost basis near $104,106 per coin.
With Bitcoin’s current trading price hovering around $66,395, Metaplanet faces an unrealized deficit approaching $1.5 billion on its cryptocurrency holdings.
Nevertheless, the enterprise disclosed a BTC yield of 2.8% for the 2026 year-to-date period. The company also generated operating revenue totaling JPY 2.96 billion through its Bitcoin Income Generation division throughout the quarter.
CEO Simon Gerovich announced the development via X, confirming the recent acquisition and communicating directly with stakeholders.
Metaplanet Ascends Past MARA Holdings in Global Rankings
The first-quarter acquisition provided sufficient momentum for Metaplanet to surpass MARA Holdings within the international Bitcoin treasury hierarchy. MARA’s recent reduction of its BTC position created the opportunity for Metaplanet to advance in the rankings.
Metaplanet currently occupies the third position worldwide. Twenty One Capital (XXI) maintains second place with its 43,514 BTC reserve. Strategy (MSTR) operates on an entirely different scale, commanding over 762,000 BTC.
The differential between Metaplanet and Twenty One Capital stands at approximately 3,337 BTC, suggesting the second-place position remains achievable with continued acquisition activity.
Metaplanet has simultaneously updated its capital deployment framework. The revised approach seeks to enhance BTC yield through perpetual preferred shares while proposing a suspension of common share issuance when mNAV drops below 1. The strategy also incorporates expanded share buyback programs designed to optimize BTC yield.
Bitcoin Faces Downward Pressure Following Trump Statements
The equity decline coincided with a broader cryptocurrency market retreat. BTC decreased by more than 3% to trade near $66,395, with the 24-hour price range spanning $66,226 to $69,131.
Bitcoin trading volume contracted by approximately 16% during the identical timeframe.
President Donald Trump’s remarks regarding possible intensification of the US-Iran conflict contributed to market anxiety throughout the trading session.
BTC futures open interest on CME declined 0.82%, while Binance recorded a 5.52% reduction. Aggregate BTC futures open interest throughout the marketplace fell 4.7% to approximately $46.71 billion, per CoinGlass analytics.
Market participants appear cautious in advance of Friday’s Nonfarm Payrolls release and a scheduled cryptocurrency options expiration.
Metaplanet shares have declined more than 6% during the previous month and registered a 25% year-to-date decrease. The 24-hour trading range for the stock spanned 298 to 313 JPY, with transaction volume below the typical average of approximately 30 million shares.
