Metaplanet has acquired 5,075 Bitcoin in the first quarter of 2026 for approximately $405 million, lifting its total holdings to 40,177 BTC and making it the third-largest publicly listed Bitcoin treasury.
The Tokyo-listed company reported an aggregate cost basis of around $4.18 billion, with an average purchase price of $104,106 per Bitcoin.
The firm said it generated a 2.8% year-to-date BTC Yield, measuring growth in Bitcoin holdings per share rather than traditional income.
Metaplanet also reported quarterly operating revenue of 2.97 billion yen ($18.6 million) from its Bitcoin income generation business, which uses options strategies secured by BTC collateral.
The company is pursuing a dual strategy of long-term Bitcoin accumulation alongside a ring-fenced derivatives business that generates capital for future purchases.
Revenue from these strategies can be reinvested into additional Bitcoin over time, effectively compounding its treasury holdings.
Metaplanet shares fell 1.95% to $302 following the announcement, highlighting continued sensitivity of Bitcoin-linked equities to market conditions.
At the time of reporting, Bitcoin price was $66,562.61.