Japan’s MetaPlanet Now 3rd Largest Bitcoin Treasury Company

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Japan’s MetaPlanet has surged to the 3rd spot among public Bitcoin holders after announcing its Q1 2026 Bitcoin accumulation.

MetaPlanet announced today that during Q1 2026 it acquired 5,075 Bitcoin for $405.48 million at an average price of $79,898 per BTC. This brings the company’s total holdings to 40,177 BTC, acquired for approximately $4.18 billion at an average cost of $104,106 per BTC.

This now makes MetaPlanet the 3rd largest treasury company after Jack Mallers’ Twenty One Capital and, of course, Michael Saylor’s Strategy. It marks the first time a non-American company has broken into the top three public Bitcoin treasuries.

Picture of the Bitcoin 100

The shift reflects major movement at the top of the Bitcoin 100 leaderboard in recent weeks. MARA Holdings sold 15,133 Bitcoin for roughly $1.1 billion between early March and late March 2026 to fund the repurchase of convertible notes and strengthen its balance sheet. That sale pushed MARA down the rankings, opening the door for Twenty One Capital (holding steady at 43,514 BTC) to claim the 2nd position and allowing MetaPlanet to step onto the podium at 3rd.

MetaPlanet has been executing one of the most aggressive corporate Bitcoin strategies globally, rapidly scaling its treasury through a combination of direct purchases, options income generation, and disciplined capital market activity. The latest quarterly results highlight how the company’s Bitcoin income business helped lower the effective net acquisition cost during the period.

The company also recently announced significant capital raises to fuel further growth. In February and March 2026, MetaPlanet completed third-party allocations of common shares and warrants that raised substantial fresh capital (part of a broader ~$255 million transaction with potential to reach $531 million on full warrant exercise). Proceeds were directed primarily toward Bitcoin acquisitions while minimizing dilution through premium pricing and structured warrants—continuing the firm’s focus on growing Bitcoin per share without adding debt.

MetaPlanet’s long-term targets remain ambitious: 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. With Bitcoin now firmly at the center of its balance-sheet strategy, the Tokyo-listed firm continues to demonstrate how non-U.S. companies can compete at the highest levels of corporate Bitcoin adoption.

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