Metaplanet Shifts 3,881 Bitcoin as Price Holds Near $63,600
Tokyo-listed Metaplanet has emerged as a bellwether for corporate Bitcoin adoption in Asia since announcing in April 2024 that it would make the cryptocurrency a core treasury asset. Large on-chain transfers by such holders can unsettle markets because movements to exchanges may signal impending sales. Distinguishing an internal wallet reorganization from a disposal is therefore crucial for assessing whether a transaction creates genuine supply pressure.
Blockchain data in the latest update showed Metaplanet transferred 3,881 Bitcoin between wallets under its control, indicating an internal reshuffle rather than a sale. At Bitcoin’s price of roughly $63,600, the coins were worth about $246.8 million. Bitcoin held near $63,600 during the session, while investors also weighed strong AI-related earnings from major technology companies and their implications for broader risk appetite.
All Coverage
1 original reportsThe Backstory
The history behind this eventMetaplanet Adds 2,823 Bitcoin to Its Holdings
Japanese investment company Metaplanet has followed Strategy's lead in recent years by adding Bitcoin to its corporate treasury, aiming to diversify its exposure to yen-denominated assets and increase shareholders' exposure to the cryptocurrency. Its holdings have surpassed 43,000 Bitcoin, making the company a key barometer of corporate Bitcoin adoption in Asia.
Metaplanet spent about $170 million to buy 2,823 Bitcoin in the second quarter, taking its total holdings above 43,000 and lowering its average acquisition cost to $106,500 per Bitcoin. It also generated about $10.9 million in revenue from its Bitcoin income strategy during the quarter.
Metaplanet Buys $400 Million of Bitcoin, Becomes World’s Third-Largest Corporate Holder
Metaplanet, a Tokyo-listed Bitcoin treasury company, has followed Strategy’s playbook by steadily accumulating Bitcoin with corporate funds, earning it the nickname “Asia’s MicroStrategy.” Its rapidly expanding holdings also reflect a broader trend among Japanese listed companies to adopt Bitcoin as an asset allocation.
In the first quarter of 2026, Metaplanet spent about $405 million to buy 5,075 Bitcoin, bringing its total holdings to 40,177 BTC. That made it the world’s third-largest corporate Bitcoin holder, behind only Strategy and Twenty One Capital. Revenue rose 251% year on year during the period, while the value of its holdings surpassed 500 billion yen.
Subscribe to Mark Radar Weekly
Every Friday, the week's strongest signals in your inbox. Unsubscribe anytime.