Tokyo Firm Metaplanet Hits 43,000 BTC, Claiming Third Spot Among Corporate Holders
Metaplanet purchased 2,823 BTC in Q2 2026 to reach 43,000 Bitcoin total, making the Tokyo-listed firm the world's third-largest corporate Bitcoin treasury. The holding is valued at approximately $2.6 billion.
Japanese investment company Metaplanet reached a total of 43,000 Bitcoin on July 2, 2026, after purchasing 2,823 BTC during the second quarter of the year. The acquisition places the Tokyo-listed firm — trading under ticker 3350 — behind only Strategy and Twenty One Capital in the global corporate Bitcoin treasury rankings.
The Q2 purchase cost approximately $170.7 million, bringing the company's total Bitcoin holdings to a market value of roughly $2.6 billion as of June 30. Metaplanet's shares closed 3.5% higher at 207 yen ($1.28) on Thursday following the announcement.
The average acquisition price for the quarter stood at around 12.71 million yen (approximately $80,000) per Bitcoin. After accounting for income generated through the company's Bitcoin Income Generation business, the effective cost per coin fell to roughly 12.09 million yen (about $77,000).
That segment contributed approximately 1.75 billion yen ($10.85 million) in operating revenue for Q2, pushing first-half revenue to around 4.72 billion yen. On a trailing 12-month basis, the division generated approximately 11.4 billion yen in revenue.
Metaplanet's cumulative Bitcoin investment now totals approximately 659.25 billion yen (about $4.2 billion), while the holdings were valued at roughly 409 billion yen (about $2.6 billion) at the end of June. The overall average cost basis across all purchases stands at 15.33 million yen (approximately $102,500) per BTC.
The company reported a BTC Yield of 6.6% for the quarter ended June 30, 2026. The metric tracks growth in Bitcoin per diluted share and serves as a key performance indicator for corporate treasury strategies of this type.
In the current corporate Bitcoin leaderboard tracked by Bitcoin Treasuries, Strategy — formerly known as MicroStrategy — leads with holdings exceeding 847,000 BTC. Twenty One Capital holds second place, while Metaplanet's 43,000 BTC secures third, placing it ahead of MARA Holdings and other large institutional holders.
Strategy founder Michael Saylor acknowledged the milestone on X, writing: 'Congrats to Metaplanet on reaching ₿43,000 and becoming the #3 corporate Bitcoin treasury in the world. You are proving that the Bitcoin treasury strategy is global.'
Metaplanet has scaled its position rapidly since adopting the corporate treasury model in 2024. CEO Simon Gerovich has employed equity offerings, debt instruments, and options strategies to build the holding while limiting shareholder dilution. The Bitcoin Income Generation business uses Bitcoin options to produce recurring cash flow alongside continued accumulation.
The firm's leverage remains relatively contained: total debt and preferred stock represent approximately 23% of the net asset value of its Bitcoin holdings, leaving meaningful capacity for further purchases.
The combination of aggressive accumulation and an income-generating overlay positions Metaplanet as a prominent example of the corporate Bitcoin treasury model expanding beyond the United States, reinforcing Japan's growing role in institutional Bitcoin adoption.
