Metaplanet has purchased 5,075 Bitcoin for approximately 405.48 million dollars during the first quarter of 2026, paying an average price of 79,898 dollars per coin. This acquisition brings the company’s total Bitcoin holdings to 40,177.
The move has pushed Metaplanet into third place among publicly listed companies holding Bitcoin reserves, making it the first non American firm to enter the top three rankings.
Strong First Quarter Drives Ranking Climb
Chief Executive Officer Simon Gerovich shared the update on April 2, noting that the company achieved a year to date Bitcoin yield of 2.8 percent. With this latest purchase, Metaplanet’s total cost basis has risen to just over 104,000 dollars per Bitcoin, with total spending of about 4.18 billion dollars.
This average purchase price is significantly higher than current market levels, as Bitcoin is trading below 67,000 dollars following market reactions to statements from Donald Trump regarding developments in the Middle East conflict. At present prices, Metaplanet’s holdings are valued at around 2.6 billion dollars, leaving the firm with an unrealized loss exceeding 1.5 billion dollars.
Metaplanet’s rise in the rankings was also influenced by MARA Holdings, which sold more than 15,000 BTC in March to raise roughly 1.1 billion dollars for balance sheet adjustments. This reduced its holdings to 38,689 BTC and allowed Twenty One Capital, associated with Jack Mallers, to move into second place with 43,514 BTC.
Meanwhile, Strategy, led by Michael Saylor, remains the largest corporate holder by a wide margin. The company recently added more than 1,000 BTC for nearly 77 million dollars, bringing its total holdings to 762,099 Bitcoin, acquired for over 57 billion dollars and currently valued at around 50 billion dollars.
Transparency Concerns and Future Goals
During February and March 2026, Metaplanet raised approximately 255 million dollars by selling shares and issuing warrants to support its Bitcoin accumulation strategy.
However, the aggressive approach has attracted criticism, with some questioning the timing and transparency of its purchases. Gerovich responded by rejecting these claims, describing them as misleading and inaccurate. He stated that all transactions are disclosed promptly and that wallet addresses are accessible through a public dashboard.
He also noted that the company’s options strategies, including put selling, are reported in its financial statements. According to him, Bitcoin per share, which is Metaplanet’s key performance metric, increased by more than 500 percent in 2025.
Looking ahead, Metaplanet aims to hold 100,000 BTC by the end of 2026 and 210,000 by 2027. Achieving these targets would require the company to more than double its current holdings within the next nine months and expand them several times over in the following year.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
