WuBlockchain
Metaplanet, the Tokyo-listed treasury company routinely described as Japan's MicroStrategy, disclosed it bought 2,823 BTC during the second quarter of 2026 for roughly JPY 35.89 billion, or about USD 221 million. Total holdings now sit at 43,000 BTC, up from 40,177 BTC at the end of Q1. The company's average cost basis across all bitcoin held is approximately JPY 15.33 million per coin.
Why it matters
The disclosure puts Metaplanet in a small club of publicly listed corporate treasuries that keep adding through both bull and bear regimes. Q2 was the company's largest quarterly purchase on record, a notable signal against the backdrop of softer spot BTC ETF flows in North America and continued macro uncertainty. Japanese corporate interest has been the second leg of the institutional story in 2026, after the US spot ETF complex.
Market impact
The headline figure of USD 221M is small relative to a multi-billion-dollar spot ETF tape, but the directional read is clear: a publicly audited corporate treasury is still a buyer at scale, with the average acquisition cost for the quarter meaningfully below the broader market's average. Watch the next quarterly disclosure for a follow-on issuance or convertible structure, as each large purchase has historically been paired with a fresh raise rather than drawn from existing cash.
Source: [source](https://www.release.tdnet.info/inbs/140120260702587026.pdf)
Frequently asked questions
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How much Bitcoin did Metaplanet buy in Q2 2026?
Metaplanet bought 2,823 BTC in the second quarter of 2026 for roughly JPY 35.89 billion, about USD 221 million at then-current FX.
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What is Metaplanet's total Bitcoin holdings after Q2?
After the Q2 purchase, Metaplanet holds 43,000 BTC, up from 40,177 BTC at the end of Q1 2026.
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What is Metaplanet's average cost basis on its Bitcoin?
The company disclosed an overall average cost of approximately JPY 15.33 million per coin across its full Bitcoin stack.
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Why is Metaplanet called Japan's MicroStrategy?
Metaplanet is a Tokyo-listed public company that uses its balance sheet to accumulate Bitcoin as a treasury reserve asset, mirroring the corporate-treasury strategy pioneered by MicroStrategy in the US.
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Is Q2 the largest Bitcoin purchase Metaplanet has made?
Yes. The 2,823 BTC acquired in Q2 2026 is the largest quarterly Bitcoin purchase Metaplanet has disclosed since launching its treasury strategy.
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