Metaplanet has become the third-largest listed corporate holder of Bitcoin after purchasing 5,075 BTC during the first quarter.
Metaplanet Becomes Third-Largest Listed Bitcoin Holder After 5,075 BTC Purchase
2 April 2026 - 13:28 CEST
The Tokyo-listed company is now only about 3,400 bitcoin behind second-placed Twenty One Capital, the bitcoin treasury company led by Jack Mallers, and trails the largest holder, Strategy, according to data from BitcoinTreasuries.
Metaplanet said it acquired the bitcoin at an average price of 12.5mn yen ($78,500). The firm is continuing its accumulation drive with a target of 210,000 bitcoin by the end of 2027, it says.
Options fund operating revenue
The former hotel operator is also using its bitcoin treasury to generate recurring revenue. In a separate statement, it reported earning nearly 3bn yen ($19mn) in the first quarter from bitcoin options sales.
Metaplanet uses the options premiums to support day-to-day operations while funding further purchases through equity and bond offerings. Last month, it reportedly raised $531mn via new equity products.
The approach closely follows the path pioneered by Strategy, the Michael Saylor-led firm that has built the largest corporate bitcoin treasury using capital-markets instruments.
