MetaPlanet now holds 43,000 BTC, putting it within striking distance of Twenty One Capital’s 43,514 BTC stash. The gap between the second and third largest corporate Bitcoin holders on the planet has shrunk to roughly 514 coins.

The latest buy and the numbers behind it

MetaPlanet scooped up 2,823 BTC on or around July 2, 2026, spending approximately $170.7 million at an average cost of roughly $79,700 to $80,000 per coin. That single transaction pushed its total treasury from around 40,177 BTC to 43,000 BTC.

The purchase followed a Q1 2026 acquisition of 5,075 BTC, suggesting a systematic accumulation cadence rather than opportunistic buying.

At current levels, MetaPlanet’s entire Bitcoin stack is valued at approximately $2.6 billion.

Twenty One Capital, the Bitcoin-native company that launched in 2025, sits just above MetaPlanet with 43,514 BTC. Strategy, formerly known as MicroStrategy, occupies an entirely different atmosphere with approximately 847,363 BTC.

MetaPlanet’s roadmap: 100K by year-end, 210K by 2027

MetaPlanet has publicly stated targets of reaching 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. That second number represents 1% of Bitcoin’s total supply.

To hit 100,000 BTC by December, MetaPlanet would need to acquire roughly 57,000 more Bitcoin in the remaining months of 2026. At current prices near $80,000, that implies spending somewhere in the neighborhood of $4.5 billion on additional purchases.

The bigger picture: corporate Bitcoin hoarding intensifies

Michael Saylor has publicly praised MetaPlanet’s approach. MetaPlanet has implemented a Strategy-style accumulation strategy since 2024, rapidly expanding its Bitcoin holdings through equity raises and other financial initiatives like the ‘555 Million Plan.’

Twenty One Capital was built from scratch as a Bitcoin-native treasury firm, backed by significant players such as Tether and SoftBank, launching with an initial holding of approximately 43,500 BTC.

What this means for investors

There’s a historical pattern worth noting here. MetaPlanet’s stock has previously traded at a discount to its Bitcoin net asset value, meaning investors were getting exposure to Bitcoin at a cheaper price through MetaPlanet shares than by buying BTC directly.

If Bitcoin’s price drops 30%, MetaPlanet’s treasury loses roughly $780 million in value. The debt or equity used to fund those purchases doesn’t shrink correspondingly.

If MetaPlanet accelerates its buying pace to hit the 100,000 BTC target, it will almost certainly need to issue significant new equity or debt. Equity issuance dilutes existing shareholders. Debt issuance adds leverage.