MetaPlanet climbs to No. 3 among public companies in Bitcoin holdings after adding 5,075 BTC
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.
