Japanese investment firm Metaplanet continues its aggressive Bitcoin accumulation. According to its latest report, the company acquired 5,075 BTC in Q1 at an average price of ~$79,898, spending approximately $405 million.
As of March 31, Metaplanet holds 40,177 BTC. Total investment stands at ~$4.18 billion, with an average purchase price of **$104,106** per coin.
This puts Metaplanet in 3rd place among the largest public corporate holders of Bitcoin, surpassing Marathon Digital. The gap to 2nd place (Twenty One Capital, 43,514 BTC) is now roughly 3,337 BTC. Strategy remains the leader with approximately 640,031 BTC.
Options Strategy and Growth Plans
Metaplanet also generates yield from its Bitcoin reserves. In Q1, the company earned ~$19.8 million by selling Bitcoin options, using the proceeds to cover operating expenses.
The company shows no signs of slowing down. Metaplanet aims to reach 100,000 BTC by the end of 2026 and 210,000 BTC (roughly 1% of the total supply) by the end of 2027. Future purchases will be funded through equity and bond issuances, an approach similar to Strategy's playbook.