🇯🇵 Bitcoin treasury · 3350 · MTPLF · MPJPY
Tokyo-listed former hotel company that adopted bitcoin as its treasury reserve in April 2024. It is Asia's largest corporate holder and No. 2 among listed companies worldwide. For many investors in Japan it works as a bitcoin proxy inside a tax-advantaged NISA account.
Metaplanet is a Japanese company that keeps its reserves in bitcoin. Its goal is to own 1% of all bitcoin (210,000 BTC) by the end of 2027.
This is not advice to buy the company's shares or bitcoin. Shares of such companies usually move more than bitcoin itself, both up and down.
Bitcoin held
44,000
as of 30 Sep 2026 · Metaplanet analytics (analytics.metaplanet.jp) · matches bitcointreasuries.net
Average cost per BTC
$102,115
¥16,159,304 · as of 30 Sep 2026 · Metaplanet analytics (analytics.metaplanet.jp)
Total cost
$4.49B
USD cost uses the USD/JPY rate on each purchase date; Metaplanet reports in yen.
Current value
$3.67B
at BTC $83,523 (Coinbase spot)
Unrealized P/L
−$0.82B
−18.2% · on the bitcoin only; ignores debt, dividends and tax
● buy ● sale
| Date | BTC | Avg price | Cost, $M | Total BTC | Filing |
|---|---|---|---|---|---|
| 2026-09-30 | +1,000 | $85,484 | 85 | 44,000 | |
| 2026-06-30 | +2,823 | $79,664 | 225 | 43,000 | |
| 2026-03-31 | +5,075 | $79,898 | 405 | 40,177 | |
| 2025-12-30 | +4,279 | $105,412 | 451 | 35,102 | |
| 2025-09-30 | +5,268 | $116,870 | 616 | 30,823 | |
| 2025-09-22 | +5,419 | $116,724 | 633 | 25,555 | |
| 2025-09-08 | +136 | $111,666 | 15 | 20,136 | |
| 2025-09-01 | +1,009 | $111,162 | 112 | 20,000 | |
| 2025-08-25 | +103 | $113,491 | 12 | 18,991 | |
| 2025-08-18 | +775 | $120,006 | 93 | 18,888 | |
| 2025-08-12 | +518 | $118,519 | 61 | 18,113 | |
| 2025-08-04 | +463 | $115,895 | 54 | 17,595 | |
| 2025-07-28 | +780 | $118,622 | 93 | 17,132 | |
| 2025-07-14 | +797 | $117,451 | 94 | 16,352 | |
| 2025-07-07 | +2,205 | $108,237 | 239 | 15,555 | |
| 2025-06-30 | +1,005 | $107,601 | 108 | 13,350 | |
| 2025-06-26 | +1,234 | $107,557 | 133 | 12,345 | |
| 2025-06-23 | +1,111 | $106,408 | 118 | 11,111 | |
| 2025-06-16 | +1,112 | $105,435 | 117 | 10,000 | |
| 2025-06-02 | +1,088 | $107,770 | 117 | 8,888 | |
| 2025-05-19 | +1,004 | $103,873 | 104 | 7,800 | |
| 2025-05-12 | +1,241 | $102,119 | 127 | 6,796 | |
| 2025-05-07 | +555 | $96,134 | 53 | 5,555 | |
| 2025-04-24 | +145 | $93,623 | 14 | 5,000 | |
| 2025-04-21 | +330 | $85,605 | 28 | 4,855 | |
| 2025-04-14 | +319 | $82,549 | 26 | 4,525 | |
| 2025-04-02 | +160 | $83,711 | 13 | 4,206 | |
| 2025-03-31 | +696 | $97,502 | 68 | 4,046 | |
| 2025-03-24 | +150 | $83,412 | 13 | 3,350 | |
| 2025-03-18 | +150 | $83,956 | 13 | 3,200 | |
| 2025-03-12 | +162 | $83,628 | 14 | 3,050 | |
| 2025-03-05 | +497 | $89,398 | 44 | 2,888 | |
| 2025-03-03 | +156 | $86,636 | 14 | 2,391 | |
| 2025-02-25 | +135 | $96,379 | 13 | 2,235 | |
| 2025-02-20 | +69 | $97,108 | 7 | 2,100 | |
| 2025-02-17 | +269 | $98,060 | 26 | 2,031 | |
| 2024-12-23 | +620 | $97,644 | 61 | 1,762 | |
| 2024-11-19 | +124 | $91,173 | 11 | 1,142 | |
| 2024-10-28 | +157 | $66,614 | 10 | 1,018 | |
| 2024-10-16 | +6 | $65,502 | 0 | 861 | |
| 2024-10-15 | +107 | $62,738 | 7 | 855 | |
| 2024-10-11 | +109 | $61,540 | 7 | 749 | |
| 2024-10-07 | +109 | $62,027 | 7 | 640 | |
| 2024-10-03 | +24 | $60,926 | 1 | 531 | |
| 2024-10-01 | +108 | $64,576 | 7 | 507 | |
| 2024-09-10 | +38 | $54,772 | 2 | 399 | |
| 2024-08-20 | +57 | $60,104 | 3 | 360 | |
| 2024-08-13 | +57 | $59,647 | 3 | 303 | |
| 2024-07-22 | +20 | $71,882 | 1 | 246 | |
| 2024-07-16 | +22 | $57,751 | 1 | 226 | |
| 2024-07-08 | +42 | $58,578 | 2 | 204 | |
| 2024-07-01 | +20 | $61,512 | 1 | 161 | |
| 2024-06-10 | +23 | $68,136 | 2 | 141 | |
| 2024-05-09 | +20 | $64,627 | 1 | 118 | |
| 2024-04-23 | +98 | $66,018 | 6 | 98 |
Each row is a disclosed change in holdings with a link to the TSE notice. Q3 2026 nets a sale of 10,000 BTC and a buy-back of 11,000 BTC (a liquidity test for creditors) into +1,000 BTC. Source: Metaplanet analytics (analytics.metaplanet.jp)
Bitcoin per share
3,225 sats
diluted: 2,933 sats · shares 1,364,282,624 / 1,500,108,824, as of 30 Sep 2026. Share counts differ between trackers (bitcointreasuries.net uses fewer basic shares); we use the counts on Metaplanet's own dashboard.
BTC Yield, year to date
+22.0%
Metaplanet's main KPI: % change in bitcoin per fully diluted share. Metaplanet analytics (analytics.metaplanet.jp)
BTC Gain, year to date
+8,898 BTC
Bitcoin added this year (holdings change). Metaplanet analytics (analytics.metaplanet.jp)
BTC Yield in 2025
+570%
Full year 2025 (Metaplanet reported 568.2%). Metaplanet analytics (analytics.metaplanet.jp)
Bitcoin income business, revenue to date
$79.9M
Mostly option premiums. Latest reported quarter Q1 26: $18.9M. Metaplanet analytics (analytics.metaplanet.jp)
Shareholders
250,029
Count at the last fiscal year-end record date. Metaplanet analytics (analytics.metaplanet.jp)
BTC Yield = % change in total bitcoin ÷ fully diluted shares over the period (Metaplanet's definition).
| Period | BTC Yield | BTC added | BTC at end |
|---|---|---|---|
| 2025 | +569.6% | 33,340 | 35,102 |
| 2026 YTD | +22.0% | 8,898 | 44,000 |
| Q2 2025 | +129.7% | 9,304 | 13,350 |
| Q3 2025 | +33.0% | 17,473 | 30,823 |
| Q4 2025 | +11.9% | 4,279 | 35,102 |
| Q1 2026 | +2.9% | 5,075 | 40,177 |
| Q2 2026 | +6.6% | 2,823 | 43,000 |
| Q3 2026 | +11.3% | 1,000 | 44,000 |
Debt $0.70B + preferreds $0.15B = 23.1% of the bitcoin's value
| Instrument | Type | Amount | Rate / term | Note |
|---|---|---|---|---|
| MERCURY Class B Perpetual Convertible Preferred Shares | Perpetual convertible preferred (unlisted) | $149M¥23.6B | 4.9% | Par ¥1000, issued at ¥900 |
| Credit Facility Q3 Close | BTC-backed credit facility | $236M¥370.6億 (¥37.06B) | — | |
| Bitbonds | Bond | $1M¥2.0億 (¥0.20B) | — | |
| Credit Facility Q2 Close | BTC-backed credit facility | $167M | — | |
| 20th Series of Ordinary Bonds | Bond | $50M¥80.0億 (¥8.00B) | → 2027-04-23 | |
| Credit Facility | BTC-backed credit facility | $217M | — | |
| Credit Facility | BTC-backed credit facility | $30M | — |
Since October 2026 Metaplanet keeps bitcoin-backed borrowing for BTC purchases below about 10% of BTC NAV and plans to fund most buying with permanent equity (common stock only when mNAV > 1, and perpetual preferreds).
Interim 100,000 BTC by end-2026: 44.0% done
Announced 6 June 2025 as the “555 Million Plan” (with an interim 100,000 BTC by end-2026) and publicly reaffirmed in February 2026. The October 2026 capital-allocation update did not restate the number, so treat it as the company's stated goal, not a forecast.
Sources: Metaplanet 2025–2027 Bitcoin Plan (6 Jun 2025, PDF) · Simon Gerovich on X, 6 Jun 2025 · CoinDesk, 6 Feb 2026 (reaffirmed) · crypto.news, 5 Oct 2026 (44,000 BTC on 30 Sep)
CEO and Chair of the Board · President since January 2023; Representative Executive Officer & CEO since 26 March 2026
Started as an equity-derivatives trader at Goldman Sachs in Tokyo and co-founded Red Planet Hotels. Led the switch to a bitcoin treasury in April 2024 and set the 210,000 BTC by 2027 goal (the “555 Million Plan”).
Source: Metaplanet: team · X
Data refreshed: 11 Oct 2026 19:06 BST (London time). Refreshed every 3 hours; if a source fails we keep the last good data and say so.
This is information about a public company, not investment advice and not a recommendation to buy or sell its shares, preferreds or bitcoin.
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