Metaplanet Celebrates 40% Milestone, Eyes 100,000 Bitcoin Treasury Target by 2026

Key Insights:

• Metaplanet reaches 40,177 BTC, marking 40% progress toward its 2026 goal of 100,000 BTC.
• The firm climbs to the third-largest corporate Bitcoin holder, behind Strategy and Twenty One Capital.
• Strong accumulation pace and discounted stock valuation signal long-term bullish conviction despite market volatility.

Metaplanet has just broken a major Bitcoin treasury milestone, surpassing the 40,000 BTC mark after its latest buy. This puts it at 40% toward its 100,000 Bitcoin target for 2026.

Metaplanet Bitcoin treasury holdings now sit at 40,177 BTC following the March 31 purchase of 5,075 BTC at ~$79,898 per coin. That single move added more than $405 million worth of Bitcoin to the balance sheet. The company has held firm, starting with under 100 BTC in April 2024, and climbing steadily ever since.

The Latest Metaplanet Purchase Lifts Holdings to New High

The latest haul pushed Metaplanet into third place among corporate Bitcoin treasury holders worldwide, with only a couple of bigger players (Strategy and Twenty One Capital) remaining ahead.

Metaplanet has met its full Q1 target on schedule, which means it stays on pace to keep loading up in the months ahead.

Metaplanet’s stock price rose 1.34% on Monday to ¥302, before Tokyo trading hours, signaling strength. Overall, the share price is up 1,489% since bottom, albeit down from its June 2025 all-time high of $13.09.

Some investors see that gap as a buying opportunity, while others watch the unrealized losses from higher average purchase prices.

The Metaplanet Bitcoin treasury strategy has been relentless. In addition to the recent 5,075 BTC purchase, the firm had bought another 4,279 BTC at the end of December 2025. On average, the company’s daily accumulation sits around 55 BTC.

That steady stacking has delivered real results for its share price, even as Bitcoin traded sideways. Some investors see that gap as a buying opportunity, while others watch the unrealized losses from higher average purchase prices.

The Metaplanet Bitcoin treasury strategy has been relentless. In addition to the recent 5,075 BTC purchase, the firm had bought another 4,279 BTC at the end of December 2025. On average, the company’s daily accumulation sits around 55 BTC. That steady stacking has delivered real results for its share price, even as Bitcoin traded sideways.

Is Metaplanet Japan’s Strategy to Control Bitcoin?

Metaplanet is Asia’s largest publicly listed Bitcoin treasury company, now holding over 40K BTC with a target of 210,000 by 2027. But what many may be missing is that this company could be Japan’s Trojan horse for accumulating a controlling supply of BTC coins.

Last week, the company raised $531 million in potential capital through a first-of-its-kind financing structure and launched two new subsidiaries to build Bitcoin infrastructure across Japan. Comparing Metaplanet to Strategy Inc., the former has accumulated BTC more aggressively than the latter in its first 3 years after adopting Bitcoin.

Strategy showed a slowing rate as it matures, whereas Metaplanet displayed an exponential trajectory. This data signals Metaplanet’s run rate (~23k BTC/year) is nearly identical to Strategy’s, despite being a much younger program.

This means it may soon overtake Strategy in terms of accumulation velocity, even if its total holdings remain smaller for now.

Metaplanet Stock Trades at 24% YTD Discount

The stock now trades at a 24% year-to-date (YTD) discount, with a market cap of about $2.41 billion, while the Bitcoin net asset value is $2.78 billion. This means the shares trade at roughly 0.87 times NAV.

Although the Metaplanet stock price traded at a discount, the firm has not slowed down. It keeps deploying capital into Bitcoin at levels management views as attractive. The company carries some debt and preferred shares, but leverage ratios remain manageable at 8.9%

Sats per diluted share now stand at 2,473, giving shareholders direct exposure to every coin added to the treasury.

But Metaplanet is going beyond just accumulation. The company made a $2.7 million investment into JPYC, Japan’s yen stablecoin issuer, launched to bridge Asian and Western capital markets around Bitcoin via its Asset Management arm, and holds the exclusive Bitcoin Magazine license in Japan.

The US has Strategy, whille Asia has Metaplanet. The playbook is the same, but the market hasn’t priced both yet. For a company all-in on Bitcoin, this 40% milestone marks more than just a number; it signals the plan is working exactly as designed.

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