Highlights:
- Metaplanet Bitcoin holdings rise to 40177 BTC after a new purchase and treasury ranking shifts today.
- The company owns 40177 BTC, worth approximately $2.6 billion, and yields 2.8% YTD.
- Bitcoin price drops below $ 66,400 as futures open interest falls and traders await the payroll data release.
Metaplanet Bitcoin accumulation continued through the first quarter of 2026 as the Japan-listed company disclosed another large acquisition that expanded its treasury and changed its standing among public corporate holders of the asset.
Metaplanet Bitcoin treasury moves ahead of MARA Holdings
In an official announcement on Thursday, the company said it purchased an additional 5,075 BTC for more than $405.48 million at an average price of $79,898 per Bitcoin. Following the transaction, Metaplanet’s total holdings reached 40,177 BTC, valued at nearly $2.6 billion at the company’s current pricing. The latest purchase also moved Metaplanet ahead of MARA Holdings in total Bitcoin reserves, according to Bitcoin Treasuries data.
The company said it has continued to acquire Bitcoin as part of its accumulation strategy through the first quarter of 2026, while also reporting a BTC yield of 2.8% year to date. The latest purchase strengthened the company’s position among corporate Bitcoin holders and made it the third-largest corporate Bitcoin treasury, surpassing MARA Holdings in total BTC held.
The new total of 40,177 BTC marks a further expansion of the treasury strategy that Metaplanet has been executing during the quarter. The company stated that it has spent nearly $4.18 billion in aggregate to acquire its Bitcoin at an average purchase price of $104,106 per BTC. Based on the current value of the treasury, the firm now carries an unrealized loss of almost $1.5 billion following the latest purchase.
Chief Executive Officer Simon Gerovich also posted on X about the latest Bitcoin purchase, sharing the update with shareholders and the broader crypto market.
Source: Chief Executive Officer Simon Gerovich
The company’s latest treasury disclosure came as Bitcoin itself remained under pressure during the session, with spot prices moving lower alongside weaker derivatives positioning.
Revenue and capital allocation policy
Metaplanet reported operating revenue of JPY 2.96 billion for the quarter from its Bitcoin Income Generation business. The company describes that business as part of its broader treasury model, which combines Bitcoin accumulation with the use of Bitcoin-related financial instruments.
In a separate policy update, the company said it revised its capital allocation framework to support long-term shareholder value. According to the company, the revised strategy is designed to improve BTC yield by effectively using perpetual preferred shares.
The company said it could pause common share issuance when mNAV falls below 1. In addition, the revised capital allocation plan includes increasing share buybacks to maximize BTC yield. The updated framework links treasury expansion with balance sheet and capital management decisions, while maintaining the company’s stated focus on Bitcoin-related operations.
Stock performance weakens as trading volume falls.
Metaplanet shares on the Tokyo Stock Exchange closed at 302 JPY, down 1.95% in the latest session. The stock traded between 298 JPY and 313 JPY over the 24 hours cited. Trading activity was lower than usual, with volume well below the company’s average daily volume of nearly 30 million shares.
According to Yahoo Finance data cited in the update, the stock has fallen more than 6% over the past month and is down 25% year-to-date. The company’s U.S. over-the-counter stock, MTPLF, was trading near $1.89, down 26% year to date. The share performance came as Bitcoin extended its decline after President Donald Trump’s speech on the Iran war, which coincided with pressure across related market segments.
The share price movement tracked a broader period of weaker investor activity. The lower trading volume on the Tokyo listing indicated that turnover was below recent averages even as the company announced a treasury expansion large enough to alter its global corporate ranking among Bitcoin holders.
Bitcoin price and derivatives market show caution.
At the time of writing, Bitcoin was trading at $66,395 after falling more than 3% over the previous 24 hours, according to CoinMarketCap. The asset recorded a daily low of $66,226 and a high of $69,131. Spot market activity also softened, with trading volume declining by almost 16% during the same period.
The data at the exchange level indicated that CME open interest in BTC futures decreased by 0.82%, and Binance open interest declined by 5.52%. The drops in both exchanges preceded the release of Nonfarm Payrolls on Friday and the impending expiry of crypto options, which were cited as reasons for the market’s more cautious stance.
