Metaplanet CEO Simon Gerovich said on Thursday the Tokyo-based firm acquired 5,075 bitcoin (BTC) during the first quarter of 2026 for around $405.5 million, bringing its total treasury to 40,177 BTC as of March 31.
The latest acquisition positions Metaplanet as the third-largest bitcoin holder among publicly traded companies globally, according to BitcoinTreasuries data. The firm now trails only Strategy, which holds 762,099 BTC, and Tether-backed Twenty One, with 43,514 BTC.
According to a company notice, the additional 5,075 BTC were purchased at an average price of approximately $79,898 per coin. This brings Metaplanet’s total investment in the world’s largest crypto by market cap to roughly $4.2 billion, with a cumulative average purchase price of $104,106 per bitcoin.
The firm noted that its "bitcoin income" business generated sales of 2,969 million yen ($18.6 million) in Q1, utilizing options strategies to lower its effective acquisition costs.
“Within this framework, the revenue generated by the income business will be used as part of our bitcoin acquisition funds, potentially contributing to a reduction in the effective acquisition cost of bitcoin acquired during the same period,” the notice said.
The company reported a "BTC Yield" of 2.8% for the three months ended March 31. That metric measures the percentage change in the ratio of total bitcoin holdings to fully diluted shares outstanding. "BTC Gain," which represents the increase in bitcoin holdings adjusted for dilution, came in at 876 for the quarter, down from 3,672 in the prior quarter, according to the notice.
The Q1 accumulation follows Metaplanet’s announcement last month of $531 million in additional funding capacity for its long-term plan to acquire 210,000 BTC. This expansion coincides with the firm’s broader push into the digital asset ecosystem, including the establishment of venture capital and asset management subsidiaries and recent strategic investments in the Japanese stablecoin JPYC.
For the 2025 fiscal year, Metaplanet reported a non-operating impairment loss of 104.6 billion yen, or about $680 million, linked to bitcoin price volatility. At the same time, the company raised its revenue outlook for the year to 8.58 billion yen from a prior projection of 6.8 billion yen, citing stronger-than-expected performance from its bitcoin income generation business.
Shares of Metaplanet (MTPLF) fell nearly 2% to 302 yen on Thursday, according to Google Finance data. Its U.S.-traded shares on the OTC Markets Group closed up about 0.5% on Wednesday at $1.89, according to The Block’s data.
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