Metaplanet bitcoin holdings
The Tokyo-listed company that turned a failing hotel business into Asia's largest corporate bitcoin position in under two years.
Key figures
- Bitcoin held
- 43,000 BTC
- As of
- 2026-07-02
- Rank
- 3 of 165
- Value at current price
- $2.7B
- Share of 21 million
- 0.20%
- Average cost
- $88,622 per BTC
- First purchase
- 2024-04-23
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 do not yet have enough dated market cap points for Metaplanet to chart its valuation history. Rather than interpolate, we leave it out until the figures are filled in.
Every disclosure we have
| Date | Event | Change | Total held | Note | Source |
|---|---|---|---|---|---|
| 2026-07-02 | Bought | +2,823 | 43,000 | Q2 2026 total of 43,000 BTC after about 170 million dollars of further buying, keeping Metaplanet the third largest listed corporate bitcoin treasury. | coindesk.com |
| 2026-03-31 | Bought | +5,075 | 40,177 | Q1 2026 quarter end total of 40,177 BTC, up 5,075 BTC over the quarter. Metaplanet moved to third largest listed corporate bitcoin treasury. | coindesk.com |
| 2025-12-30 | Bought | +4,279 | 35,102 | Year end 2025 total after a quarterly purchase of 4,279 BTC for about 451 million dollars, an average near 105,400 dollars per coin.$3.8B at $105,412/BTC | coindesk.com |
| 2025-10-01 | Bought | +5,268 | 30,823 | Purchase disclosure lifting holdings to 30,823 BTC, up 5,268 BTC from the September 22 total. Metaplanet was then the fourth largest listed corporate bitcoin holder. | coindesk.com |
| 2025-09-22 | Bought | +5,555 | 25,555 | Largest single buy to that point, 5,419 BTC for about 632.5 million dollars at an average near 116,700 dollars.$2.7B | theblock.co |
| 2025-09-01 | Bought | +1,112 | 20,000 | Crossed 20,000 BTC with a 1,009 BTC purchase for about 112 million dollars, passing Riot Platforms. | coindesk.com |
| 2025-08-18 | Bought | +3,333 | 18,888 | Bought 775 BTC for about 93 million dollars at roughly 120,000 dollars per coin.$1.9B | coindesk.com |
| 2025-07-07 | Bought | +5,555 | 15,555 | Added 2,205 BTC for roughly 213 million dollars at an average of 15.64 million yen per coin. | coindesk.com |
| 2025-06-16 | Bought | +2,200 | 10,000 | Reached 10,000 BTC with a 1,112 BTC buy for 117.2 million dollars, overtaking Coinbase among corporate holders. | theblock.co |
| 2025-05-19 | Bought | +2,945 | 7,800 | Acquired 1,004 BTC for about 104.3 million dollars, lifting the treasury past 800 million dollars in value. | coindesk.com |
| 2025-04-21 | Bought | +330 | 4,855 | Bought 330 BTC as bitcoin moved back above 87,000 dollars. | coindesk.com |
| 2025-04-14 | Bought | +2,494 | 4,525 | Added 319 BTC for about 26 million dollars, financed with zero coupon bonds placed with EVO Fund.$386.3M | theblock.co |
| 2025-02-17 | Bought | +269 | 2,031 | Crossed 2,000 BTC with a 269.43 BTC purchase funded by a 4 billion yen bond issue.$163.3M | coindesk.com |
| 2024-12-23 | Bought | +1,122 | 1,762 | Largest buy to date at the time, 619.70 BTC for 9.5 billion yen, funded by a dual tranche bond issuance to EVO Fund. | cryptoslate.com |
| 2024-10-07 | Bought | +478 | 640 | Bought about 108.8 BTC for 1 billion yen. Metaplanet also began selling bitcoin put options and using the premiums to buy more BTC. | coindesk.com |
| 2024-07-01 | Bought | +44 | 161 | Added roughly 20 BTC for 200 million yen, about 1.2 million dollars, as the accumulation program continued in small tranches. | coindesk.com |
| 2024-05-10 | Bought | +20 | 118 | Disclosure of 117.7 BTC total at an average of about 10.2 million yen. Days later the firm named bitcoin its strategic treasury reserve asset. | cointelegraph.com |
| 2024-04-23 | Bought | 98 | First bitcoin purchase, funded by a 1 billion yen bond issue, after the board approved a bitcoin treasury allocation.$6.5M at $66,018/BTC | metaplanet.jp |
About Metaplanet
Metaplanet was a small Japanese hospitality company before April 2024, when it announced bitcoin as its primary treasury reserve asset and began buying. The pitch was partly macro, a hedge against a weakening yen and Japan's debt load, and partly tax: Japanese investors face punitive treatment on direct crypto gains, so exposure through a listed company is structurally attractive in a way it is not in the United States.
The accumulation has been fast and heavily financed, using share issuance and bond programmes to fund purchases announced through Tokyo Stock Exchange disclosures. The company also runs a bitcoin options income strategy, writing puts against its position to generate yield, which is unusual among treasury companies and adds a layer of risk most of its peers do not carry.
In August 2026 a transfer of 5,014 coins between custodians triggered rumours of a sale. The chief executive publicly reaffirmed that the position remained exactly 43,000 bitcoin, which is a useful illustration of why on-chain movement is not the same as a disposal.
Frequently asked questions
Why do Japanese investors buy Metaplanet instead of bitcoin?
Direct crypto gains in Japan have been taxed as miscellaneous income at rates that can exceed 50 percent, while gains on listed shares are taxed at around 20 percent and can be held in tax-advantaged NISA accounts. That gap is a large part of why a listed bitcoin proxy trades at a premium there.
Compared with its neighbours
Sources
Holdings figures and their dates come from the disclosures linked in the history table above. Read the full methodology.