Metaplanet hit the 43,000 BTC milestone on July 2. The Tokyo-based firm now ranks as the world’s third-largest corporate Bitcoin treasury, trailing only Strategy and Twenty One Capital across the entire global corporate holder ranking.

The move cements Japan’s rising role in the corporate Bitcoin accumulation race.

What the Metaplanet 43,000 BTC Milestone Means

A corporate Bitcoin treasury is a company that holds Bitcoin as a strategic reserve asset on its balance sheet. Metaplanet added 2,823 BTC during the second quarter of 2026. Furthermore, the purchase brought total holdings to exactly 43,000 BTC as of July 2.

The average acquisition price landed at roughly 12.71 million yen (~$80,000) per Bitcoin. Moreover, the effective purchase price dropped to around 12.09 million yen (~$77,000) thanks to income from its Bitcoin Generation business. That segment generated $10.95 million in Q2 revenue.

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The scale is now considerable. Metaplanet’s total Bitcoin investment stands at approximately 659.25 billion yen (~$4.2 billion). Furthermore, the holdings were valued at roughly 409 billion yen (~2.6 billion) as of June 30. The overall average cost basis sits at 15.33 million yen (~102,500) per BTC.

The BTC Yield metric confirms the momentum. Metaplanet reported a strong Bitcoin yield of 6.6% during the quarter. As a result, the firm continues to grow its Bitcoin per share metric, one of the key performance indicators for corporate treasury strategies of this type globally.

Metaplanet Ranks Third Behind MicroStrategy and Twenty One Capital

The corporate Bitcoin leaderboard is now clear. Strategy (formerly MicroStrategy) leads with holdings exceeding 847,000 BTC. Furthermore, Twenty One Capital holds the second spot. Metaplanet now ranks third globally, surpassing other major players, including MARA Holdings.

“Congrats to Metaplanet on reaching ₿43,000 and becoming the #3 corporate Bitcoin treasury in the world,” Michael Saylor wrote on X. He added that Metaplanet is proving the Bitcoin treasury strategy is now genuinely global.

The company has scaled rapidly since adopting the strategy in 2024. CEO Simon Gerovich has used equity offerings, debt instruments, and options strategies to accumulate BTC. Moreover, the approach helps minimize the shareholder dilution associated with these aggressive corporate purchases.

The balance sheet also remains strong. Total debt and preferred stock represent only about 23% of Bitcoin’s net asset value. As a result, Metaplanet has substantial room to continue accumulating. The move solidifies Japan’s role in the growing global race to adopt Bitcoin by corporations.

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Source: BeInCrypto