Metaplanet has significantly expanded its cryptocurrency portfolio by acquiring an additional 5,075 BTC for $405 million in the first quarter of 2026. The total amount of Bitcoin owned by the company has reached 40,177 BTC, allowing Metaplanet to rise to the top three largest public corporate holders of this cryptocurrency in the world.
This is reported by Business • Media
Record Acquisition and Market Position
The information about the massive investment was disclosed by Metaplanet’s CEO, Simon Gerovich. Thanks to this purchase, the company surpassed the mining firm MARA, which previously held a larger amount of Bitcoin but recently sold over 15,000 BTC. As a result, Metaplanet is now second only to the leader—Strategy, which controls 762,099 BTC, and another large company.
“In the first quarter of 2026, we acquired 5,075 BTC for approximately 63.645 billion yen (about 12,540,793 yen per BTC). The year-to-date BTC yield for 2026 has reached 2.8%. As of March 31, 2026, our holdings amount to 40,177 BTC, acquired for approximately 62.337 billion yen (about 15,515,598 yen per BTC).”
The average price of one Bitcoin in this purchase was $79,800, which exceeds the current market value. For the entire Metaplanet portfolio, the average cost as of April 2 stands at $104,106 per coin. At this moment, the market price of Bitcoin is at $66,177, indicating a significant unrealized loss for the company.
Financial Indicators and Prospects
Despite the negative market dynamics, the mNAV (market capitalization to portfolio value ratio) for Metaplanet reaches 1.48 according to one industry reviewer, while other sources indicate 1.04. This suggests a certain financial stability for the company even in the face of unrealized losses.
Metaplanet’s management reported that the return on Bitcoin investments since the beginning of 2026 is 2.8%. Following the recent purchase, the company officially occupies third place among the largest public Bitcoin holders, surpassing MARA, which, in turn, has reduced its portfolio due to a large asset sale exceeding $1 billion.
Industry experts also note that the consolidation of assets in the corporate Bitcoin holders sector (DATs) continues, and the further development of this area will largely depend on the strategy of the market leader—Strategy.