Gate News update: Metaplanet (3350) spent about $398 million to buy 5,075 bitcoins in Q1 2026, bringing its total holdings to 40,177 BTC. It has successfully surpassed MARA Holdings to take the #3 spot globally among publicly listed companies by bitcoin holdings. Currently, it ranks just behind Strategy (MSTR) and Twenty One Capital (XXI).
From early to late March, MARA sold 15,133 bitcoins, raising about $1.1 billion. It used the proceeds to repurchase $1.0 billion of 2030 and 2031 convertible preferred notes. As a result, MARA’s holdings fell to 38,689 BTC, down sharply from 53,822 at the start of the year. MARA described this move as balance-sheet management. It has also recorded a $1.5 billion impairment provision for digital assets and accelerated its transition to AI infrastructure and data centers.
Metaplanet’s accumulation strategy signals its long-term expansion plans. In Q1, the company bought bitcoin at an average price of about $78,000 per coin, for a total cost of roughly $3.9 billion. As of now, Metaplanet’s bitcoin return is 2.8%. Under its “$555 million plan,” the company aims to hold 100,000 bitcoins by the end of 2026 and increase to 210,000 by the end of 2027. To support continued purchases, it has raised about $255 million through international equity issuance and warrants, with potential additional financing of $276 million.
Despite the rise in its holdings ranking, Metaplanet’s share price has not increased in step. The closing price on April 2 was 302 yen (about $1.89), down about 2%, far below the June 2025 peak of 1,930 yen. In terms of the lead, Strategy holds 762,099 bitcoins—more than 18 times Metaplanet—while Twenty One Capital holds 43,514. Future challengers include Bitcoin Standard Treasury Corp (CEPO) and Bullish (BLSH).
As of the time of writing, bitcoin is trading at $66,372, and Metaplanet’s average cost is about 46% higher, indicating that despite improving its holdings rank, it still faces pressure from unrealized losses. Whether Metaplanet can solidify the #3 position will depend on its ability to finance purchases and MARA’s future bitcoin strategy.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Smart Trader pension-usdt.eth Faces $15.5M Loss on BTC and ETH Short Positions Amid Market Rally
Gate News message, smart trader pension-usdt.eth is currently experiencing losses exceeding $15.5 million on short positions of 1,000 BTC (valued at $77.5 million) and 20,000 ETH (valued at $48.7 million) due to the market rally. The trader's total profit has decreased from $33.28 million to $14.98
GateNews7m ago
Whale Liquidates $90M BTC Short Position on Hyperliquid, Suffers $5.39M Daily Loss
A major trader liquidated 1,184.74 BTC, worth around $90 million, to mitigate liquidation risk amid a BTC price surge, incurring a $5.39 million loss. Year-to-date losses for the account now total $43.81 million.
GateNews8m ago
BTC rises 0.58% in 15 minutes: derivatives leverage inflows and whale fund reallocation together lift the price
2026-04-17 13:45 to 14:00 (UTC), BTC’s short-term price return reached +0.58%. The traded price range was between 76626.0 and 77412.2 USDT, with a 1.02% amplitude. During this period, market volatility slightly increased, capital activity rose, and industry attention noticeably heated up.
The main driving force behind this abnormal move is the concentrated inflow of leveraged capital into the derivatives market. Within 24 hours, the total open interest in BTC futures and perpetual contracts surged 8.09%, reaching a record 50.8B USD. Leveraged capital entered quickly, pushing the price higher in the short term.
GateNews38m ago
Bitcoin Perpetual Futures Funding Rate Hits Lowest Level Since 2023
Bitcoin's perpetual futures funding rate has reached its lowest level in 2023, indicating increasing short positions and potential price decline expectations. Despite negative funding rates, Bitcoin's price rose from $60,000 to $75,000, reflecting an inverse relationship. Historical patterns suggest negative funding rates may precede market bottoms, but investors should consider broader economic factors before making decisions.
GateNews38m ago
Trader "Maji" Holds $58.78M in BTC, ETH, HYPE Positions With $2.597M Unrealized Gains
On April 17, analyst Ai姨 reported that trader "Maji" holds $58.78 million in long positions in BTC, ETH, and HYPE, with $2.597 million in unrealized gains. Maji's largest position is ETH, leveraged at 25x, and has set specific take-profit targets for each asset.
GateNews38m ago
Bitcoin Breaks Through $77,000, Up 3.64% in 24 Hours
Gate News message, April 17 — Bitcoin broke through $77,000, trading at $77,032 with a 24-hour gain of 3.64%.
GateNews38m ago
