Japanese investment firm Metaplanet has emerged as the world’s third-largest corporate holder of Bitcoin after adding thousands of BTC during the first quarter of 2026, further strengthening its position in the digital asset treasury race.
According to company disclosures, Metaplanet acquired 5,075 BTC in Q1 2026 for approximately 63.645 billion yen, with an average purchase price of around 12,540,793 yen per Bitcoin. The acquisition pushed the company’s total Bitcoin holdings to 40,177 BTC as of March 31, 2026.
Overall, Metaplanet has spent roughly 623.370 billion yen (around $3.9 billion) accumulating its Bitcoin reserves, with an average cost basis of approximately 15,515,598 yen per BTC, or roughly $97,000 per coin.
The company also reported a year-to-date BTC yield of 2.8% for 2026, reflecting the performance of its treasury strategy during the period.
With the latest accumulation, Metaplanet has overtaken MARA Holdings to become the third-largest corporate Bitcoin treasury holder globally.
The shift comes after MARA reduced its Bitcoin stack, allowing Metaplanet to move ahead in the rankings tracked by Bitcoin Treasuries.
The second-largest corporate holder is Twenty One Capital, which currently holds 43,514 BTC. Meanwhile, Strategy, long known for its aggressive Bitcoin accumulation strategy, remains the dominant corporate holder by a wide margin, with more than 762,000 BTC in its treasury.
Metaplanet’s rapid accumulation highlights the growing trend among corporations adopting Bitcoin as a treasury reserve asset, mirroring strategies pioneered by Strategy in recent years.
The Japanese firm has increasingly positioned itself as a major institutional participant in the Bitcoin ecosystem, frequently raising capital and deploying it into BTC purchases.
Despite the milestone, Metaplanet’s stock saw a slight decline following the announcement. Shares were down about 2%, trading at approximately 302 yen ($1.89).
The company’s expanding Bitcoin treasury underscores the intensifying competition among corporate holders as firms continue to treat the cryptocurrency as a long-term strategic asset and hedge against macroeconomic uncertainty.
