Japanese firm Metaplanet has significantly expanded its bitcoin portfolio with a recent purchase of 5,075 bitcoins, investing around $398 million during the first quarter of 2026. This latest acquisition was made at an average price point of $78,000 per bitcoin, marking an assertive continuation of the company’s cryptocurrency buying strategy.
Metaplanet’s bitcoin holdings show substantial growth
Based in Tokyo, Metaplanet has seen a 2.8% return on its bitcoin investments since the start of the year. By the end of March, the company’s total bitcoin holdings had reached 40,177 coins. The average cost of Metaplanet’s holdings now stands at approximately $97,000 per bitcoin, reflecting a sizable commitment to the leading cryptocurrency.
The total value of the company’s bitcoin assets has climbed to nearly $3.9 billion, now taking up a substantial portion of Metaplanet’s balance sheet. The recent addition of 5,075 BTC has propelled Metaplanet into the ranks of the world’s major corporate holders of bitcoin, positioning it as a key player on the global stage.
As a result of its ongoing accumulation strategy, Metaplanet has ascended to third place among publicly traded firms holding significant bitcoin reserves. The company’s rise in the rankings has been further supported by the recent reduction in bitcoin holdings by MARA Holdings, which has been divesting a substantial portion of its portfolio.
Global ranking and competition for bitcoin reserves
Data from the Bitcoin Treasuries platform shows that only two companies now surpass Metaplanet in terms of bitcoin reserves. Twenty One Capital currently holds the second position, with 43,514 bitcoins under management.
At the top of the list sits Strategy, a firm whose holdings exceed 762,000 bitcoins, maintaining a wide lead over other corporate holders. This substantial figure underscores Strategy’s dominance in terms of aggregate bitcoin assets and indicates the scale required for companies to challenge its top spot.
Recent swings in global corporate bitcoin reserves have attracted attention, especially as reductions are noted among mining sector companies. While many miners have scaled back their crypto holdings, companies like Metaplanet continue to deepen their investments, marking an ongoing divergence in industry approaches to digital assets.
Reflecting these developments, Metaplanet’s shares have experienced a recent drop of 2%, closing at 302 yen (or $1.89) in the latest trading session. The market appears to be weighing the company’s aggressive acquisition strategy amid ongoing volatility in the digital asset sector.
