Metaplanet said on April 2, 2026 that it acquired 5,075 BTC during Q1 FY2026, lifting its treasury to 40,177 BTC and pushing the Japanese company into the No. 3 spot among public bitcoin treasury companies. The disclosure stands out because it shows a non-US issuer expanding its bitcoin balance sheet while broader crypto sentiment remains defensive.

Metaplanet acquires 5,075 BTC and climbs to No. 3

According to Metaplanet’s April 2 filing, the company acquired 5,075 BTC during Q1 FY2026 at an average purchase price of JPY 12,540,793 per BTC.

The same filing says total holdings reached 40,177 BTC after the quarter, while Metaplanet’s aggregate average acquisition price rose to JPY 15,515,598 per BTC.

Metaplanet’s Q1 bitcoin purchase lifted holdings to 40,177 BTC

For investors, the main takeaway is scale. Metaplanet moved from an already large treasury to a balance of 40177.0053 BTC shown on its English homepage data, which closely matches the quarter-end figure in the official filing and reduces doubt about the reported total.

That treasury size now places Metaplanet at No. 3 among public bitcoin treasury companies, behind Strategy and Twenty One Capital, according to Bitcoin Treasuries. That wording matters because it is a public-company leaderboard, not a claim that Metaplanet is the third-largest bitcoin holder across every entity type.

Bitcoin Treasuries also framed the move as the first time a non-American company entered the top three public treasury ranks. That adds a useful comparison point for readers tracking listed bitcoin vehicles and related equity demand, including Strategy STRC becoming a top preferred-fund holding for BlackRock.

Bitcoin Treasuries’ Oliver Koblizek wrote that the change is significant because it expands the geography of corporate bitcoin accumulation beyond the US market leaders.

“It marks the first time a non-American company has broken into the top three public Bitcoin treasuries.”

Oliver Koblizek via Bitcoin Treasuries

Why Metaplanet now ranks No. 3 among public bitcoin treasury companies

The ranking change is easiest to understand through scope. The verified evidence supports Metaplanet as the third-largest public bitcoin treasury company, while the broader claim that it is the third-largest bitcoin treasury company without qualification remains too broad because private entities, ETFs and governments are counted differently.

That distinction is more than editorial caution. TrustsCrypto readers have seen similar disclosure questions in stories such as Tommy Shaughnessy’s criticism of Circle over a USDC freeze in the Drift exploit, where the core issue was not only the headline event but whether the public record clearly separated one category of exposure from another.

Bitcoin Treasuries further noted that recent MARA sales helped open the No. 3 slot. Even without a full sector table in the brief, that context explains why Metaplanet’s latest quarter-end balance changed the leaderboard immediately instead of simply narrowing the gap.

How Metaplanet is turning its bitcoin strategy into reported revenue

In a separate same-day filing, Metaplanet said its bitcoin income business generated JPY 2.969 billion in quarterly revenue and JPY 10.7797 billion on a trailing-12-month basis. Those figures show the company is presenting its bitcoin strategy as an operating business with reported income, not only as treasury accumulation.

The same filing says bitcoin held inside the income-generation portfolio is treated as current assets under Japanese GAAP, while long-term treasury bitcoin is operationally segregated from derivative option activity. That separation matters for retail investors because it makes the company easier to evaluate than firms that blend trading activity, reserves and derivative exposure into one headline number.

The accounting detail also gives this filing more practical value than many treasury updates. In a market still debating disclosure standards and oversight, including in our coverage of Fed Vice Chair Michael Barr’s stablecoin risk warning, investors can see how Metaplanet distinguishes recurring bitcoin-related revenue from long-term treasury positioning.

What the purchase means for investors in a weak bitcoin market

The timing is notable because the research brief’s market snapshot put BTC at $66,410, down about 3.12% over 24 hours, when this story was assembled. Buying into that backdrop suggests Metaplanet was still willing to expand its treasury while spot conditions were weaker rather than while prices were accelerating.

The same research snapshot placed the Fear & Greed Index at 12, labeled Extreme Fear. Against that sentiment reading, the company’s move looks less like momentum marketing and more like a balance-sheet strategy meant to persist through poor market mood.

For shareholders, the next signals to watch are future treasury disclosures, any change in the public-company leaderboard, and whether Metaplanet keeps adding to holdings while preserving the accounting separation described in its Q1 bitcoin income filing. Those are the datapoints that will show whether the No. 3 position is durable or only a brief window created by competitor selling.

Market data note: the BTC price and 24-hour change above come from the research brief’s CoinGecko market snapshot supplied for this run. Pipeline rules prohibit citing the raw API endpoint directly in the published article.

Sentiment note: the Fear & Greed Index reading above comes from the research brief’s Alternative.me summary supplied for this run.

FAQ

How much bitcoin does Metaplanet hold now?

Metaplanet’s April 2 filing says the company held 40,177 BTC after Q1 FY2026, and its English homepage data showed 40177.0053 BTC on the same day.

Is Metaplanet really the third-largest bitcoin treasury company?

According to Bitcoin Treasuries, Metaplanet is No. 3 among public bitcoin treasury companies, behind Strategy and Twenty One Capital. That is narrower than saying it is the third-largest bitcoin holder overall.

Why does Metaplanet’s bitcoin strategy matter to investors?

The strategy matters because Metaplanet is pairing treasury growth with disclosed operating results, including JPY 2.969 billion in quarterly bitcoin income revenue, while also explaining how the income portfolio is treated under Japanese GAAP. That gives investors a clearer way to judge whether future bitcoin purchases are improving a disclosed business model or only enlarging balance-sheet risk.

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and readers should review primary filings before making decisions.