"Metaplanet's acquisition of 5,075 BTC during the first quarter of 2026, valued at roughly $398 million, has positioned it among the top corporate bitcoin holders."
"Despite holding 40,177 BTC, Metaplanet is facing a paper loss of about 32 percent, as its average cost basis is significantly higher than the current market price."
"Chief executive Simon Gerovich has emphasized bitcoin as a long-term reserve asset, aligning with Japan's inflation conditions and yen depreciation."
Metaplanet acquired 5,075 BTC in Q1 2026, valued at approximately $398 million, increasing its total holdings to 40,177 BTC. This acquisition positions Metaplanet as the third-largest publicly traded bitcoin holder. Despite the significant purchase, the company is experiencing a paper loss due to bitcoin's current market price of $66,400, compared to an average cost basis of $97,593 per BTC. Metaplanet plans to continue its bitcoin acquisitions, viewing it as a long-term reserve asset amid Japan's economic conditions.
Read at Bitcoin Magazine
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