Metaplanet reveals plan to reach 210,000 BTC in its treasury

Metaplanet has added 5,075 Bitcoin to its treasury, bringing its total holdings to 40,177 BTC and strengthening its position among the world’s largest public corporate Bitcoin holders. The Tokyo-listed company said the latest purchase keeps it in third place, behind Strategy and Twenty One Capital. Metaplanet has also set a long-range goal of holding 210,000 BTC, roughly equal to about 1% of Bitcoin’s total 21 million supply.

Why Metaplanet’s 210,000 BTC Target Matters

Metaplanet’s 210,000 BTC goal is significantly larger than a typical corporate treasury allocation. At that level, one public company would control about one out of every 100 Bitcoins that will ever exist, linking the company’s balance-sheet plan directly to Bitcoin’s fixed supply model.

While Metaplanet has not reached that scale yet, its current holdings of 40,177 BTC already place it among the largest corporate Bitcoin holders in the market. Reaching 210,000 BTC would likely move it well beyond its current ranking and increase its visibility as a public-market Bitcoin treasury firm.

How the Latest Purchase Was Funded

The company’s newest acquisition added 5,075 BTC at an average price of about $79,898 per coin, according to its latest update. The purchase increased Metaplanet’s total Bitcoin investment to about $4.2 billion, with a cumulative average purchase price of roughly $104,106 per Bitcoin.

Metaplanet also reported that its Bitcoin income business generated 2,969 million yen in sales during the first quarter.

The company said it uses options strategies to help lower effective acquisition costs. It also expanded its funding capacity by $531 million as part of its plan to keep adding Bitcoin over time, indicating it is drawing on multiple funding and business channels rather than relying on a single source.

Metaplanet’s Position in Public Corporate Rankings

With 40,177 BTC, Metaplanet ranks third among publicly traded corporate Bitcoin holders. Strategy holds 762,099 BTC, while Twenty One Capital holds 43,514 BTC. Metaplanet still has room to move into second place, but it has already entered the top tier of public Bitcoin treasury companies.

Metaplanet’s “BTC Yield” was 2.8% for the first quarter, down from 11.9% in the prior quarter and 33% in the third quarter of 2025.

Japan Regulation and Index Inclusion Pressure

Metaplanet’s expansion comes as Japan Exchange Group considers rules that could delay or block index inclusion for companies whose main assets are cryptocurrencies. The consultation has raised questions for firms whose market identity depends heavily on Bitcoin, adding a regulatory and index-related layer of pressure as Metaplanet pursues a treasury model that is more aggressive than many other listed companies in Japan.

Management Commentary

Chief Executive Simon Gerovich said the company will engage with regulators and continue to build around its original Bitcoin strategy. He also pointed to Project Nova and other business efforts aimed at expanding Japan’s Bitcoin ecosystem.