Merchant Bankers bitcoin holdings
Uses bitcoin as plumbing rather than as a reserve: it settles cross border property deals in it for overseas buyers of Japanese real estate.
Key figures
- Bitcoin held
- 18 BTC
- As of
- 2026-08-13
- Rank
- 133 of 165
- Value at current price
- $1.1M
- Share of 21 million
- <0.01%
- Average cost
- $109,788 per BTC
Holdings over time
Cumulative bitcoin held after each disclosed event. The line steps rather than slopes because treasury positions change on purchase dates, not continuously.
We have one dated figure for Merchant Bankers so far, shown in the table below, and the table says where it came from. A chart needs at least two dated points, and we would rather show nothing than draw a trend through a single figure. This fills in as the company publishes, or as we backfill its earlier announcements.
Every disclosure we have
| Date | Event | Change | Total held | Note | Source |
|---|---|---|---|---|---|
| 2026-08-13 | Tracked | 18 | Tracker sync |
About Merchant Bankers
Merchant Bankers is a Tokyo listed investment and real estate company, and its bitcoin story is about payments rather than treasury policy. It launched a service that settles cross border property transactions in bitcoin, aimed at overseas investors buying Japanese real estate, where the alternative is a slow and expensive chain of correspondent banks. The shares rose sharply on the announcement.
The holding itself is small, under twenty coins, and reads as operational float for that service rather than as a position taken on the price.
That makes it one of the few companies here whose bitcoin has a job. Most entries on this list hold coins because of what they might be worth later; this one holds them because a transaction needs to clear.
Compared with its neighbours
Sources
Holdings figures and their dates come from the disclosures linked in the history table above. Read the full methodology.