CoinDesk
Metaplanet purchased an additional 2,823 BTC worth $170.7 million, lifting its corporate treasury to 43,000 BTC valued at roughly $2.6 billion. The Tokyo-listed firm (3350) closed 3.5% higher at 207 yen ($1.28) on Thursday as the buy was announced, with Bitcoin Treasuries data now ranking Metaplanet as the third-largest publicly traded corporate holder of bitcoin, behind only Strategy (MSTR) and Twenty One Capital (XXI).
Why it matters
The purchase extends an aggressive accumulation cadence that has pulled Metaplanet from a mid-tier treasury name into the global top three in well under a year, mirroring the strategy playbook Strategy pioneered at scale. The accompanying Q2 FY2026 results give that cadence a funding mechanism: Metaplanet's Bitcoin Income Generation unit, which sells options against its BTC stack to harvest recurring premium, posted approximately 1.747 billion yen ($10.85 million) in operating revenue for the quarter. First-half FY2026 revenue came in at roughly 4.717 billion yen ($29.30 million), and trailing twelve-month revenue reached about 11.4 billion yen, evidence that the yield overlay is producing real cash flow rather than paper gains.
Market impact
For Asian public-equity investors, Metaplanet has effectively become the cleanest large-cap proxy for direct BTC exposure outside the United States, and the share-price reaction suggests that flow is still a tailwind rather than a saturated trade. The structural read: every quarter the income-generation business funds a meaningful slice of new accumulation without diluting shareholders, the more credible the model becomes for copycats on the Tokyo Stock Exchange and beyond. Watch the BTC-per-share metric, options-premium yield versus realized volatility, and whether peer treasury adopters in Japan and Hong Kong begin disclosing similar quarterly income prints.
Frequently asked questions
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How much bitcoin does Metaplanet now hold?
Metaplanet holds 43,000 BTC worth roughly $2.6 billion after purchasing an additional 2,823 BTC for $170.7 million, per its latest disclosure and Bitcoin Treasuries data.
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Where does Metaplanet rank among public corporate BTC holders?
Metaplanet is the third-largest publicly traded corporate bitcoin holder globally, behind Strategy (MSTR) and Twenty One Capital (XXI), according to Bitcoin Treasuries data.
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How does Metaplanet fund its bitcoin purchases?
Metaplanet's Bitcoin Income Generation unit sells options against its BTC stack to harvest recurring premium. Q2 FY2026 operating revenue came in around ¥1.747 billion ($10.85M), with first-half revenue near ¥4.717 billion.
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How did Metaplanet shares react to the announcement?
Metaplanet (3350) closed 3.5% higher at 207 yen ($1.28) on Thursday following the purchase disclosure and Q2 results.
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What metrics should investors watch going forward?
Track BTC-per-share growth, options premium yield versus realized volatility, and whether peer treasury adopters in Japan and Hong Kong begin disclosing similar quarterly income-generation prints.
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