Metaplanet (3350) announced the purchase of an additional 2,823 BTC ($170.7 million), bringing its total treasury to 43,000 BTC ($2.6 billion).
The acquisition cements the Tokyo-listed company as the third-largest publicly traded bitcoin company, trailing only Strategy MSTR) and Twenty One Capital (XXI), according to data tracked by Bitcoin Treasuries.
Metaplanet closed up 3.5% at 207 yen ($1.28) on Thursday following the announcement.
In addition to the bitcoin purchase, the company released second-quarter fiscal 2026 results for its Bitcoin revenue-generating business. The division generated approximately 1.75 billion yen ($10.85 million) in operating income during the quarter, bringing first-half revenue to approximately 4.72 billion yen.
Metaplanet uses bitcoin options to generate recurring income while expanding the company’s bitcoin holdings. In the last 12 months, revenue reached approximately 11.4 billion yen.
The latest results reinforce Metaplanet’s dual strategy of aggressively accumulating bitcoins while generating recurring cash flow from its Bitcoin income-generating business.
