Metaplanet expands bitcoin treasury to 43,000 BTC with $170.7M purchase
In brief
- Metaplanet acquired 2,823 BTC for $170.7 million, expanding total treasury to 43,000 BTC worth $2.6 billion
- Tokyo-listed firm ranks third globally among publicly traded bitcoin holders after MicroStrategy and Twenty One Capital
- Bitcoin Income Generation division posted 1.75 billion yen ($10.85 million) in Q2 operating revenue
Treasury expansion accelerates
Metaplanet purchased 2,823 BTC for $170.7 million, according to an announcement on Wednesday. The move reflects the firm's aggressive accumulation strategy, with the purchase bringing total holdings to 43,000 BTC. At current valuations, that treasury is worth $2.6 billion.
The acquisition pushed Metaplanet's stock price 3.5% higher, closing at 207 yen ($1.28) on Thursday following the announcement. Investors responded positively to the expansion, signaling confidence in the firm's bitcoin-focused strategy.
Income generation gains traction
Beyond accumulation, Metaplanet's Bitcoin Income Generation division is generating meaningful recurring revenue. The division posted approximately 1.75 billion yen ($10.85 million) in operating revenue during the second quarter of FY2026, bringing first-half revenue to approximately 4.72 billion yen. On a trailing 12-month basis, revenue reached approximately 11.4 billion yen.
The strategy works by using bitcoin options to generate recurring income while expanding the company's bitcoin holdings. This dual approach—accumulation plus cash flow generation—differentiates Metaplanet from other publicly traded bitcoin holders that focus primarily on hodling.
"The latest results reinforce Metaplanet's dual strategy of aggressively accumulating bitcoin while generating recurring cash flow from its Bitcoin Income Generation business." — Metaplanet announcement
Frequently asked questions
How does Metaplanet generate income from bitcoin?
Metaplanet uses bitcoin options strategies to generate recurring cash flow while simultaneously expanding its bitcoin treasury. In the second quarter of FY2026, the Bitcoin Income Generation division earned approximately 1.75 billion yen ($10.85 million) in operating revenue through this approach.
Why is Metaplanet ranked third among publicly traded bitcoin holders?
Metaplanet holds 43,000 BTC worth $2.6 billion. Only MicroStrategy (MSTR) and Twenty One Capital (XXI) hold more bitcoin among publicly traded companies. The latest purchase of 2,823 BTC reinforced this ranking.
