Metaplanet, a company based in Japan, has now secured its position as the third-largest publicly traded entity holding Bitcoin. This achievement follows the firm’s acquisition of 5,075 $BTC, valued at $405 million during the first quarter of 2026. As a result, their total Bitcoin holdings have reached 40,177 $BTC.
At the end of 2025, Metaplanet had approximately 35K $BTC, placing it in fourth position. During that time frame, MARA was ranked third with over 50K $BTC. However, MARA sold off more than 15K $BTC (approximately $1.1 billion) in March and reduced its holdings to around 38K $BTC.
The combination of these factors allowed Metaplanet to surpass MARA and claim the third spot.
Plans for Metaplanet from 2026 to 2027
However, Metaplanet’s ambitions extend far beyond this recent success. The company aims to acquire a total of 210K $BTC by the year 2027.
This year alone (2026), they plan to increase their holdings to reach an impressive milestone of 100K $ BTC . In simpler terms , they could potentially add another **60 K** $ BTC over the next three quarters.
If we consider current market prices , this would require approximately **$3.96 billion** in funding for their deficit throughout **2026**.
The purchase of **5 ,075** $ BTC made during Q1 was financed through “capital market activities and operational income.” Recently , they raised about **$275 million**, with an option that could elevate it up to **$531 million** via stock sales.
This amount still falls short compared to nearly $4 billion needed for achieving their goal by late *20*26*. Furthermore , revenue generated from Bitcoin Options contracts along with lending against existing assets amounted only around ***$18.9 million*** during Q1.*
Taking everything into account brings total funds available at just about ***$550M*** within Q1 alone; yet still implies a gap reaching nearly ***3 .5 B*** dollars required hitting that ambitious mark set forth regarding attaining those coveted *100 K* *[B TC]* this very year!*
A $1.5 Billion Paper Loss on Metaplanet’s Strategy Regarding BTC Holdings
This said though despite climbing ranks towards becoming number three firm holding Bitcoins ; challenges persist ! Currently standing losses unrealized nearing roughly ****$ * Billion*!*
The present stash acquired came at price tag worth ****4 . Billion**** however value drops down close only *****to**** two point seven Billion reflecting staggering drawdown rate approaching almost *****36%***** due mainly struggles facing under seventy thousand dollar mark!*
Soon enough if trends continue showing average acquisitions around five thousand [*BT C*] per quarter leading us potentially crossing forty-five thousands [ BT C ] level by end second quarter!*
If achieved successfully will effectively displace Twenty One Capital taking away second place title.*!
A Brief Conclusion:
*In summary*, Metaplanet managed flipping positions overtaking MARA now ranking as top-tier player among companies maintaining significant treasuries consisting mostly outta bitcoins surpassing thresholds reaching upwards exceeding forty-thousand marks!* *
*Should quarterly averages remain consistent allowing growth sustained rates seen previously,* then soon enough we might witness emergence onto podium claiming spot held firmly until recently by other competitors such as aforementioned twenty-one capital!* *