MetaPlanet, a Tokyo-listed investment firm that has repositioned itself as an aggressive corporate buyer of Bitcoin, said it purchased 5,075 BTC for about $400 million in Q1 2026. The buy lifts its holdings to 40,177 BTC, valued at roughly $2.7 billion. The addition pushes MetaPlanet into third place among publicly traded companies by Bitcoin reserves, surpassing MARA Holdings after MARA recently sold $1.1 billion worth of Bitcoin. MetaPlanet is also closing the gap with Twenty One Capital, which holds 43,514 BTC worth about $2.9 billion. Founded in 1999 as a hospitality-focused business, MetaPlanet spent years under profitability pressure before pivoting to Bitcoin in 2024. Over the following two years, it set up two new subsidiaries to broaden its Bitcoin strategy beyond simple accumulation. At the start of 2025, it held fewer than 2,000 BTC; in roughly 15 months, reserves have expanded by about 2,180%. The company is targeting 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. Bitcoin "Income Business" offsets part of acquisition cost MetaPlanet said its Bitcoin Income Business generated about $19.8 million in revenue during the quarter, equivalent to roughly $3,900 per BTC acquired. The company said this effectively lowers its net purchase cost and is close to the market VWAP benchmark of around $79.1K. The approach pairs options-based income generation with ongoing accumulation so that operating revenue can partially offset purchases. On performance metrics, MetaPlanet reported a BTC Yield of 2.8% for Q1 2026, following higher yields through 2025. The firm describes BTC Yield as growth in Bitcoin holdings relative to share dilution; BTC Gain as accumulation excluding dilution effects; and BTC USD Gain as the dollar translation of that gain. The Q1 buying followed a $255 million capital raise in late March, with proceeds earmarked for Bitcoin purchases. Early estimates had pointed to 3,600–3,700 BTC, and the company said total funding could rise to $531 million if warrants are exercised, enabling larger-scale accumulation.

BULLISH: Metaplanet has added 5,075 BTC, taking its total Bitcoin holdings to 40,177 and strengthening its standing among the largest corporate Bitcoin treasuries worldwide.

Japanese investment firm Metaplanet (@Metaplanet) disclosed a major Bitcoin purchase, acquiring 5,075 BTC in a single transaction valued at about $340 million. The move brings the company's total Bitcoin holdings to 40,177 BTC, worth roughly $2.7 billion. Metaplanet has been steadily increasing its BTC position, reinforcing its status as Asia's largest corporate Bitcoin holder.

German firm Blocktrainer has entered the corporate Bitcoin treasury race with the launch of the Blocktrainer Bitcoin Treasury Company (BTBTCTC), positioning the new vehicle as a challenger to Michael Saylor's MicroStrategy. Founder Roman Reher said the plan is to operate as a publicly traded entity dedicated exclusively to building a BTC treasury. Blocktrainer has set a headline target of accumulating 1 million BTC by 2030, using capital markets and leverage with the stated goal of outperforming Bitcoin itself. "Bitcoin is our hurdle rate," Reher said, arguing that consistent outperformance versus BTC underpins a higher valuation. To report progress, the company plans to publish metrics including Bitcoin Return Rate (BRR), BTC Gain and BTC Torque, aimed at measuring how efficiently it increases Bitcoin per share. Blocktrainer also projects its multiple net asset value (mNAV) could reach 10x under its strategy. For a public listing, Blocktrainer is pursuing a reverse merger with Windeln.AI, an AI-focused company. After completion, the combined company is expected to trade under the ticker WNDLN. Funding options under consideration range from common stock and preferred equity to bond-style instruments described as "diaper bonds," intended to support additional Bitcoin purchases. One of the proposed instruments is a perpetual preferred share under the ticker MAUL, which the company says would offer a 21% monthly dividend yield. Blocktrainer said the product is designed to create "smart leverage" and link the roughly $300 trillion bond market to Bitcoin. As Blocktrainer ramps up, MicroStrategy disclosed it did not acquire any new Bitcoin between March 23 and March 29, according to a regulatory filing. The pause ended a 13-week buying streak that began in December 2025. MicroStrategy still holds 762,099 BTC, acquired at an average price of $75,694 per coin, with Saylor remaining the public face of the strategy. The filing also indicated MicroStrategy did not issue new shares through its at-the-market program during that period. The company continues to pursue additional funding capacity, including a $42 billion facility aimed at supporting future Bitcoin purchases. MicroStrategy recently reached a settlement in a class-action lawsuit related to its STRK proposal. The parties agreed to dismiss the case, with MicroStrategy committing to seek shareholder approval for changes at its next annual meeting and to cover the plaintiff's legal fees. The company's financing toolkit continues to evolve, with instruments such as STRK and STRC cited as part of its longer-term plan to fund further Bitcoin accumulation. The post "MicroStrategy Faces New Rival as German Firm Eyes 1M Bitcoin Treasury" appeared first on The Coin Republic.

Metaplanet CEO Simon Gerovich said the company bought 5,075 BTC in the first quarter of 2026 at an average price of about $79,898, for a total outlay of roughly $4.0548 billion, according to ChainCatcher. Year-to-date Bitcoin returns stand at 2.8%. As of March 31, Metaplanet's cumulative holdings reached 40,177 BTC, acquired at a total cost of about $4.18 billion, implying an average cost of around $104,106 per BTC.

Metaplanet, a prominent digital asset investor, significantly expanded its Bitcoin reserves during the first quarter of 2026. According to CEO Simon Gerovich, the company acquired an additional 5,075 BTC at an average price of approximately $79,898, representing an investment of roughly $4.0548 billion. These purchases contributed to a 2.8% year-to-date Bitcoin return. As of March 31, Metaplanet's total Bitcoin holdings reached 40,177 BTC, acquired at an aggregate cost of approximately $4.18 billion, resulting in an implied average cost of about $104,106 per coin. This strategic move underscores Metaplanet's continued commitment to its digital asset investment strategy.

Metaplanet CEO Simon Gerovich said the company bought 5,075 BTC in the first quarter of 2026 at an average price of about $79,898, spending roughly $4.0548 billion. The purchases generated a year-to-date Bitcoin return of 2.8%, he said. As of March 31, Metaplanet held 40,177 BTC in total, acquired for approximately $4.18 billion, implying an average cost of about $104,106 per coin.

Metaplanet bought 5,075 BTC in the first quarter of 2026, spending about $4.05 billion at an average price of roughly $79,898 per bitcoin. The purchases delivered a year-to-date BTC return of 2.8%. As of March 31, 2026, the company's cumulative bitcoin position stood at 40,177 BTC. Total acquisition costs were approximately $4.18 billion, implying an average purchase price of about $104,106 per BTC.

Large Bitcoin holders with 1,000–10,000 BTC have shifted into net distribution, according to CryptoQuant. The group's one-year change in holdings has reversed sharply, moving from +200,000 BTC at the 2024 bull-market peak to -188,000 BTC today. CryptoQuant data suggest this is more than a short-term swing: the 365-day trend continues to deteriorate, pointing to a structural decline. After accumulating heavily through the 2024 rally, whales are now selling at scale, setting up what CryptoQuant describes as one of the most aggressive large-holder distribution phases on record. Separately, reports show 30-day apparent demand growth has fallen to 63,000 BTC, signalling a broad-based contraction in market demand.