Metaplanet follows Strategy, Strive buying pace with fresh 2,823 BTC purchase

Metaplanet has announced that it has purchased 2,823 Bitcoin, bringing its total corporate holdings to 43,000 BTC and placing the firm among the most active treasury buyers alongside Strategy and Strive.

The Japanese company disclosed the purchase in a post on X on July 2, alongside a separate notice detailing the results of its Bitcoin income generation business for the second quarter of fiscal year 2026. Metaplanet did not disclose the exact price paid for the latest batch.

A steady accumulator

Metaplanet has been actively buying Bitcoin this year, and this latest acquisition adds to the trend. The firm spent around $405 million to acquire 5,075 BTC at an average cost of about $79,898 per coin during the first quarter of 2026. 

Those purchases pushed its holdings past 40,000 BTC and moved it ahead of MARA holdings to become the third-largest publicly traded corporate Bitcoin holder.

From that Q1 base of 40,177 BTC, Metaplanet has now added approximately 2,823 BTC over the intervening months to reach 43,000.

Is Metaplanet’s buying pace rivaling Strategy and Strive’s?

Data from BitcoinTreasuries.net shows that public companies collectively added close to 9,000 BTC (around $525 million) to their balance sheets in June. Strategy led with 3,625 BTC in net additions, followed by Strive at 3,364 BTC. MARA Holdings added 1,000 BTC during the month.

While Metaplanet’s latest BTC purchase was made on the first trading day of July, it still brings it to a comparable range with the two leaders. However, the firm is actively buying; some treasury firms have been selling their holdings during the same period. Fold Holdings reduced its position by roughly 634 BTC, Nakamoto Inc by 591 BTC, and Hive Digital by 331 BTC.

Did Metaplanet issue new shares in June?

Metaplanet disclosed that it did not issue any new shares through the exercise of stock acquisition rights during June. The company holds 947,300 outstanding warrants convertible into 94.73 million shares, with exercise prices that ranged between 220 and 295 yen last month. According to the platform, none were exercised.

This also means that the company did not raise dilutive capital in June, though it retains the flexibility to do so. Metaplanet also confirmed it conducted no share buybacks during the period.

Is Metaplanet building beyond its treasury?

Metaplanet has been expanding its Bitcoin strategy beyond simple accumulation. In June, the company completed the acquisition of Siiibo Securities, a regulated Tokyo broker, in a deal worth approximately 2.1 billion yen ($13.1 million).

The subsidiary will be renamed Metaplanet Securities and folded into an initiative called Project Nova, which aims to develop Bitcoin-linked bonds, tokenized securities, and other digital asset products.

Its Bitcoin operations have been responsible for most of its revenue. 

In its fiscal year 2025 results published in February, Metaplanet reported an annual revenue increase of 738% to 8.9 billion yen ($58.12 million), with its Bitcoin income business generating roughly 95% of total revenue. Its operating profit went up 1,694.5% year over year. A non-cash Bitcoin valuation loss of 102.2 billion yen, however, produced a net loss of 95 billion yen ($620 million) for the period.

With Bitcoin trading around $60,100 as of July 2 and Metaplanet’s average acquisition cost reported at $107,716 per coin in February, the firm’s 43,000 BTC position carries significant unrealized losses on paper.