Metaplanet Crosses 43,000 BTC 🏯—Now Officially the Corporate Bitcoin Olympics Bronze Medalist

Tokyo-listed Metaplanet (3350) disclosed the purchase of an additional 2,823 BTC for approximately $170.7 million, pushing its total treasury to 43,000 BTC valued at roughly $2.6 billion. The acquisition, announced July 2, was made at an average price of about 12.71 million yen ($88,300) per coin, according to company figures. The purchase lowered Metaplanet's average acquisition cost to approximately $106,500 per BTC from $107,700. Total bitcoin investment stands at roughly 659.25 billion yen ($4.5 billion), with an overall average cost basis of 15.33 million yen (~$102,500) per BTC.

The holdings now rank Metaplanet as the third largest publicly traded corporate bitcoin holder globally, trailing Strategy (MSTR) and Twenty One Capital (XXI), according to data tracked by Bitcoin Treasuries. Strategy leads with more than 847,000 BTC. "Congrats to Metaplanet on reaching ₿43,000 and becoming the #3 corporate Bitcoin treasury in the world," Michael Saylor wrote on X, adding that the company is proving the bitcoin treasury strategy is now genuinely global. Metaplanet shares closed 3.5% higher at 207 yen ($1.28) on Thursday but remain down 48% year-to-date, underperforming $BTC, which has fallen 31% over the same period.

Alongside the purchase, Metaplanet released second quarter FY2026 results for its Bitcoin Income Generation business, which uses bitcoin options and other yield strategies to generate recurring revenue. The division produced approximately 1.747 billion yen ($10.85 million) in operating revenue during the quarter, bringing first-half FY2026 revenue to roughly 4.717 billion yen ($29.30 million). On a trailing 12-month basis, revenue reached approximately 11.4 billion yen. Metaplanet reported a BTC Yield of 6.6% for the quarter ended June 30, 2026, with total debt and preferred stock representing about 23% of bitcoin NAV.

Not all corporate treasury players are expanding. South Korean Nasdaq-listed K Wave Media sold its remaining 88 BTC to repay $6 million in debt, exiting the bitcoin treasury strategy according to a Tuesday SEC filing, reversing prior plans to scale holdings to 10,000 BTC. France-based Sequans Communications said on May 28 it would monetize its remaining 658 BTC holdings over time, with shares rising about 14.5% on the announcement. Strategy itself skipped its usual weekly bitcoin purchase in recent days while unveiling a new capital framework designed to support dividends and expand cash reserves.