Metaplanet has resumed Bitcoin purchases after a pause that began in April. The Japan-based treasury firm bought 2,823 BTC in the second quarter of 2026. As per its latest disclosure, the total holdings of Bitcoin increased to 43,000 BTC with the purchase.
The Tokyo-listed company released the update on July 2. The latest Bitcoin purchase averaged 12.7 million yen per coin. Now, the average purchase price is approximately 15.3 million yen per Bitcoin.
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Metaplanet Pushes Toward 100,000 BTC After Q2 Purchase
The move keeps Metaplanet among the largest public corporate holders of Bitcoin. The company is part of the same group as Strategy and Twenty One Capital. These firms have used public market access to build large Bitcoin treasuries.
At the end of the first quarter, the platform had 40,177 BTC. Those coins cost about $4.18 billion, or nearly $104,000 each. After several months of no reported buyback, the company has resumed accumulation with the second-quarter purchase.
The company has set a larger target for its balance sheet this year. It aims to hold 100,000 BTC by the end of 2026. It also aims to achieve a volume of 210,000 BTC by the end of 2027, in accordance with the same plan.
That target leaves a major gap to fill. CEO Simon Gerovich’s team would still require approximately 57,000 BTC in the next 6 months. At current prices, that level of buying would require funding worth about $5 billion.
Metaplanet Bitcoin Income Revenue Falls in Q2
At the same time, Metaplanet’s Bitcoin Income Generation business also showed negative results. In the second quarter of FY2026, the unit’s operating revenue was ¥1,747 million. That was less than the ¥2.969 billion posted in the first quarter.
This is also lower than the ¥4.242 billion in the fourth quarter of FY2025. From the disclosed figures, revenue experienced a decline of approximately 41% from the previous quarter. It was almost 59% lower than the highest point seen in Q4 of FY2025.
Bitcoin Income’s business revenue in the first half of FY2026 was ¥4.717 billion. The negative trend signals a changing relationship between treasury growth and operating income. It also puts pressure on the company as it aims for its goal of 100,000 BTC.
Metaplanet Moves Beyond Bitcoin
The company is also diversifying beyond Bitcoin. The company announced June 12 that it agreed to buy Japanese broker Siiibo Securities for JPY 2.1 billion. The deal is expected to close on July 13.
After completion, Siiibo Securities will become a wholly owned subsidiary. It will also change its name to Metaplanet Securities. The purchase was the first large-scale acquisition under Project Nova, according to company documents.
With the acquisition, Metaplanet will be the controlling shareholder of a Type I Financial Instruments Business Operator in Japan.
That platform will be used by the company for investment products related to Bitcoin and yield-focused products. Its treasury strategy is integrated with a broader financial services initiative.
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