Metaplanet (3350) continued to expand its accumulation strategy during the first quarter of 2026, acquiring 5,075 BTC for approximately $398 million, implying an average purchase price of around $78,000 per coin.
The Tokyo-based company has generated a BTC return of 2.8% so far this year.
As of March 31, Metaplanet holds a total of 40,177 BTC, purchased for approximately $3.9 billion, with an average cost of approximately $97,000 per BTC.
Metaplanet is now the world’s third-largest bitcoin treasury company, surpassing MARA Holdings after the miner significantly reduced its bitcoin stack.
Twenty One Capital (XXI) is in second place with 43,514 BTC, according to Bitcoin Treasuries, while Strategy (MSTR) is by far the largest with over 762,000.
Metaplanet shares fell 2%, trading at 302 yen ($1.89).
