Metaplanet

Brad

2026

Bitcoin

Generation

<ul>
 <li>Metaplanet acquired 2,823 BTC during the second quarter of 2026 for approximately JPY 35.89 billion ($221 million).</li>
 <li>Total Bitcoin holdings increased to 43,000 BTC, valued at roughly $2.6 billion as of June 30.</li>
 <li>The company’s average acquisition cost across its Bitcoin treasury stands at approximately JPY 15.33 million per BTC.</li>
 <li>Management said total debt and preferred securities represent about 23% of Bitcoin NAV, highlighting its capital structure while continuing treasury expansion.</li>
</ul>
<h2 id="metaplanet-expands-bitcoin-treasury-in-q2">Metaplanet Expands Bitcoin Treasury in Q2</h2>
Metaplanet, widely regarded as Japan’s equivalent of Strategy due to its Bitcoin-focused corporate treasury model, announced that it <a href="https://contents.xj-storage.jp/xcontents/33500/ef8f0fb6/d3f6/44c3/aafb/fbe407834e59/140120260702587030.pdf" rel="noopener noreferrer nofollow">purchased 2,823 Bitcoin</a> during the second quarter of 2026 for approximately JPY 35.89 billion, or about $221 million.
The latest acquisition increased the company’s Bitcoin holdings from 40,177 BTC at the end of the first quarter to 43,000 BTC as of June 30. Across its entire treasury, Metaplanet reported an average acquisition cost of approximately JPY 15.33 million per Bitcoin.
<blockquote class="twitter-tweet">
 Metaplanet now holds 43,000 BTC ($2.6B), with total debt and prefs at 23% of BTC NAV.
 The balance sheet is robust, the capital channels are being built, and the asset we exist to accumulate is on sale. Forward. <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a><a href="https://x.com/search?q=%24MPJPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$MPJPY</a><a href="https://t.co/4kzJXWCIJg" rel="noopener noreferrer nofollow">https://t.co/4kzJXWCIJg</a>
 — Dylan LeClair (@DylanLeClair) <a href="https://x.com/DylanLeClair/status/2072577801320804554?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2026</a>
</blockquote>
The company also disclosed that its Bitcoin treasury is now worth roughly $2.6 billion. In an update shared alongside the quarterly figures, Metaplanet stated that its total debt and preferred securities equal approximately 23% of its Bitcoin net asset value (NAV), while emphasizing that its balance sheet remains positioned to support additional Bitcoin accumulation.
Commenting on the latest milestone, the <a href="https://x.com/DylanLeClair/status/2072577801320804554" rel="noopener noreferrer nofollow">company said</a>:
<blockquote>
 “The balance sheet is robust, the capital channels are being built, and the asset we exist to accumulate is on sale.”
</blockquote>
Alongside the Bitcoin treasury update, Metaplanet also published its <a href="https://x.com/Metaplanet/status/2072572571015365005" rel="noopener noreferrer nofollow">Q2 FY2026 results</a> for its Bitcoin Income Generation Business. The <a href="https://contents.xj-storage.jp/xcontents/33500/a87261cf/781b/4aa6/9b8d/026158fdbab4/140120260702587031.pdf" rel="noopener noreferrer nofollow">update highlighted</a> the company’s ongoing efforts to generate revenue from Bitcoin-related activities while continuing to expand its corporate Bitcoin treasury.
<blockquote class="twitter-tweet">
 *Notice Regarding the Q2 FY2026 Results of the Bitcoin Income Generation Business* <a href="https://t.co/tta0Zys2Yh" rel="noopener noreferrer nofollow">pic.twitter.com/tta0Zys2Yh</a>
 — Metaplanet Inc. (@Metaplanet) <a href="https://x.com/Metaplanet/status/2072572571015365005?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 2, 2026</a>
</blockquote>
The Bitcoin Income Generation Business complements Metaplanet’s long-term treasury strategy by creating additional income streams tied to its Bitcoin-focused operations. The quarterly results were released alongside the company’s second-quarter treasury disclosure, providing investors with an update on both its operational performance and Bitcoin accumulation strategy.
<h2 id="strategy-continues-bitcoin-buying-as-metaplanet-expands-treasury">Strategy Continues Bitcoin Buying as Metaplanet Expands Treasury</h2>
Metaplanet’s latest Bitcoin purchase also comes shortly after Strategy expanded its own treasury by acquiring an <a href="https://cryip.co/saylor-strategy-buys-520-btc-june-21-2026/" rel="noopener noreferrer nofollow">additional 520 BTC in late June</a>, reinforcing Michael Saylor’s long-term accumulation strategy even as the company adjusted its broader capital management framework.
In a separate development, Strategy recently introduced its <a href="https://cryip.co/saylors-strategy-authorizes-bitcoin-sales-dividends-buybacks-cash-reserve/" rel="noopener noreferrer nofollow">Digital Credit Capital Framework</a>, authorizing potential Bitcoin sales, share buybacks, dividends and an expanded cash reserve to strengthen its balance sheet while maintaining Bitcoin as its primary treasury reserve asset. The framework reflects a shift toward more active capital management without changing the company’s long-term commitment to Bitcoin.
Metaplanet’s continued accumulation highlights how Saylor’s corporate Bitcoin treasury model has influenced publicly listed companies beyond the United States. The approach has gained wider recognition across the industry, with <a href="https://cryip.co/saylor-bitcoin-model-ripple-ceo-brad-garlinghouse/" rel="noopener noreferrer nofollow">Ripple CEO Brad Garlinghouse</a> recently acknowledging that Strategy’s Bitcoin treasury strategy has become a model studied by other public companies considering Bitcoin as a balance-sheet asset.
Metaplanet’s latest purchase has strengthened its position as one of the world’s largest public corporate Bitcoin holders. According to BitcoinTreasuries, the company now ranks as the third-largest public Bitcoin treasury company with 43,000 BTC. Only Strategy, with 847,363 BTC, and Twenty One Capital, with 43,514 BTC, hold larger Bitcoin treasuries among publicly listed companies, placing Metaplanet among the global leaders in corporate Bitcoin adoption.
The latest accumulation further narrows the gap with the second-ranked company, highlighting the pace at which Metaplanet has expanded its Bitcoin reserves through its Strategy-inspired treasury model.

Metaplanet Buys 2,823 BTC in Q2, Bitcoin Holdings Reach 43,000

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