Metaplanet Bitcoin Stockpile Hits 40,177 BTC, Targets 210,000 by 2027
Tokyo-listed Metaplanet says it maintained an aggressive Bitcoin (BTC) accumulation pace in Q1 2026. As of March 31, it held 40,177 BTC. In the quarter, it bought 5,075 BTC for about $405.5 million, at an average acquisition price near ~$79,898 per Bitcoin. Management also reiterated its proprietary BTC “yield” of 2.8% year-to-date.
Metaplanet’s BTC build lifted it above miner MARA Holdings to claim third place among corporate Bitcoin holders, behind Strategy (Michael Saylor’s treasury vehicle) and Tether-backed Twenty One Capital. It added that its Bitcoin income business generated about $19 million in the three months ending March 31, using collateral-secured options strategies and reinvesting those proceeds to potentially lower the effective cost basis of newly purchased Bitcoin.
Separately, the company disclosed additional financing capacity of $531 million and aims to reach 210,000 BTC by end-2027. It also noted expansion in adjacent digital-asset activities, including venture capital and asset management, plus an investment stake in the Japanese stablecoin JPYC.
Bullish
Metaplanet’s continued Bitcoin (BTC) accumulation at scale is supportive for spot demand narratives, especially as it reaches third place among corporate BTC holders. The report of reinvesting Bitcoin-income generated from collateral-secured options into more BTC purchases suggests a potentially steadier, lower effective cost-basis approach, which can reinforce persistence of buying.
In the short term, the update may attract momentum traders to BTC on “corporate buyer” headlines. In the long term, the $531m additional financing capacity and the 210,000 BTC by end-2027 target increase expectations for sustained inflows, even if near-term BTC drawdowns vs. average cost remain a sentiment factor. Overall, the implications skew positive for BTC price stability and upside bias.