Metaplanet has climbed to third place among corporate Bitcoin holders after purchasing 5,075 BTC during the first quarter of 2026. The acquisitions cost approximately $398 million, bringing the company’s total holdings to 40,177 BTC. At current valuations, that position is worth around $3.9 billion. The move marks a significant milestone in Metaplanet’s ongoing strategy to accumulate Bitcoin on its balance sheet.
The Japanese firm’s rise to third place comes as MARA Holdings saw its own BTC position reduced, allowing Metaplanet to surpass it in the corporate rankings. The shift illustrates how quickly standings among institutional Bitcoin holders can change as companies adjust their treasury strategies. Metaplanet has been aggressively expanding its holdings over recent quarters.
Twenty One Capital, trading under the ticker XXI, currently holds second place with 43,514 BTC. The gap between Metaplanet and Twenty One Capital remains relatively narrow, suggesting the rankings could shift further depending on future acquisitions by either company. Both firms trail the market leader by a considerable margin.
Strategy, formerly known as MicroStrategy and trading as MSTR, remains by far the largest corporate Bitcoin holder with over 762,000 BTC on its books. That figure dwarfs the holdings of all other corporate holders combined, cementing Strategy’s dominant position in the institutional Bitcoin space. The company has long been the most prominent advocate for corporate Bitcoin treasury adoption.
The broader trend reflects continued institutional interest in Bitcoin as a treasury reserve asset. Companies across different sectors and geographies are competing to accumulate BTC, with rankings among the top holders shifting as purchase programs accelerate or slow. Metaplanet’s latest quarterly addition of over 5,000 BTC underscores the pace at which it is pursuing its accumulation goals.
Originally reported by CoinDesk.
