Metaplanet speeds up coin accumulation, purchasing 5,075 bitcoins and vaulting to become the world’s third-largest DAT

Gate News message: In the first quarter of 2026, Metaplanet (3350) continued expanding its Bitcoin reserves, spending approximately $398 million to buy 5,075 Bitcoins at an average cost of about $78,000 per coin. This additional purchase brought the company’s total holdings to 40,177 Bitcoins, with a total value of approximately $3.9 billion and an average acquisition cost of about $97,000.

After this purchase, Metaplanet jumped to become the world’s third-largest Bitcoin treasury company, surpassing the mining firm MARA Holdings, which had previously made a significant reduction in its holdings. According to Bitcoin Treasuries data, Twenty One Capital (XXI) holds 43,514 Bitcoins and ranks second, while Strategy (MSTR) remains in first place with more than 762,000 Bitcoins.

Despite recent volatility in the Bitcoin price, Metaplanet’s share price still saw a slight decline, closing at 302 yen (about $1.89), down by roughly 2%. The company’s Bitcoin return rate year-to-date in 2026 stands at 2.8%, indicating that its long-term accumulation strategy is still progressing steadily.

Analysts say that Metaplanet’s continued Bitcoin hoarding reflects institutional confidence in Bitcoin as a strategic asset, and also highlights shifts in the global Bitcoin holding landscape. Against the backdrop of major miners reducing their holdings, its position as the third-largest treasury not only strengthens Metaplanet’s influence within the industry, but also gives it more say in shaping long-term plans in the Bitcoin market.

What investors are watching is whether these large-scale purchases will provide support to the Bitcoin price and play a stabilizing role amid future volatility. At the same time, the company’s strategy also suggests that institutional investors are gradually incorporating Bitcoin into long-term asset allocation rather than relying solely on short-term trading opportunities.

Metaplanet’s increased holdings signal that the global Bitcoin distribution structure is changing, with more capital concentrating in a small number of large holding institutions—an evolution that could have far-reaching effects on market liquidity and price trends. (CoinDesk)