Metaplanet boosts Bitcoin holdings to 44,000 BTC after third-quarter trades

Metaplanet official brand assets (metaplanet.jp)

Metaplanet boosts Bitcoin holdings to 44,000 BTC after third-quarter trades

The company said it may monetize holdings when management believes doing so improves capital efficiency, financial soundness or long-term shareholder value.

Share

Add us on Google
by Vivian Nguyen

Metaplanet added 1,000 Bitcoin during the third quarter of fiscal 2026, ending the period with 44,000 BTC, now valued at about $3.8 billion, the company disclosed Monday.

The figure strengthens its place as the second-largest corporate holder of BTC, trailing only Strategy, which owns roughly $73 billion worth of Bitcoin.

Metaplanet said the increase came after it sold 10,000 BTC and later purchased 11,000 BTC in separate transactions. The company said the transactions were intended to prove that its Bitcoin treasury can be converted into cash while allowing the company to finish the quarter with a larger Bitcoin position.

Advertisement

The company said the 10,000 BTC sale exceeded the aggregate outstanding principal of its bonds, borrowings and other interest-bearing liabilities, after accounting for cash, cash equivalents and US dollar-denominated stablecoins.

The sale proceeds were held in cash, demonstrating that Metaplanet could monetize its main balance-sheet asset without repaying or redeeming those liabilities. The company then separately reacquired Bitcoin, rather than conducting the transactions as a simultaneous exchange.

Metaplanet said the exercise was aimed at improving how its creditworthiness is viewed by rating agencies and fixed-income investors. The company argued that Bitcoin’s market liquidity alone may not be enough for creditors if an issuer is unwilling or reluctant to sell its holdings.

By completing an actual sale, Metaplanet sought to demonstrate both the ability and willingness to turn Bitcoin into cash to meet obligations or support other capital-management needs. It plans to pursue a credit rating and hopes that a stronger credit profile will broaden access to bonds, preferred shares and other capital-markets funding.

Metaplanet affirmed that Bitcoin remains its primary treasury reserve asset, and the company will increase both total holdings and Bitcoin per share over the medium to long term. It may sell Bitcoin when management considers monetization appropriate based on market conditions, funding needs, liquidity, capital policy, tax and accounting considerations and other requirements.

The company also reported more than $5 million (Ā„848 million) in third-quarter revenue from its Bitcoin Income Generation business.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
BITCOIN
Metaplanet boosts Bitcoin holdings to 44,000 BTC after third-quarter trades
Metaplanet boosts Bitcoin holdings to 44,000 BTC after third-quarter trades

The company said it may monetize holdings when management believes doing so improves capital efficiency, financial soundness or long-term shareholder value.

by Vivian Nguyen

Share

Add us on Google

Metaplanet official brand assets (metaplanet.jp)

Metaplanet added 1,000 Bitcoin during the third quarter of fiscal 2026, ending the period with 44,000 BTC, now valued at about $3.8 billion, the company disclosed Monday.

The figure strengthens its place as the second-largest corporate holder of BTC, trailing only Strategy, which owns roughly $73 billion worth of Bitcoin.

Metaplanet said the increase came after it sold 10,000 BTC and later purchased 11,000 BTC in separate transactions. The company said the transactions were intended to prove that its Bitcoin treasury can be converted into cash while allowing the company to finish the quarter with a larger Bitcoin position.

Advertisement

The company said the 10,000 BTC sale exceeded the aggregate outstanding principal of its bonds, borrowings and other interest-bearing liabilities, after accounting for cash, cash equivalents and US dollar-denominated stablecoins.

The sale proceeds were held in cash, demonstrating that Metaplanet could monetize its main balance-sheet asset without repaying or redeeming those liabilities. The company then separately reacquired Bitcoin, rather than conducting the transactions as a simultaneous exchange.

Metaplanet said the exercise was aimed at improving how its creditworthiness is viewed by rating agencies and fixed-income investors. The company argued that Bitcoin’s market liquidity alone may not be enough for creditors if an issuer is unwilling or reluctant to sell its holdings.

By completing an actual sale, Metaplanet sought to demonstrate both the ability and willingness to turn Bitcoin into cash to meet obligations or support other capital-management needs. It plans to pursue a credit rating and hopes that a stronger credit profile will broaden access to bonds, preferred shares and other capital-markets funding.

Metaplanet affirmed that Bitcoin remains its primary treasury reserve asset, and the company will increase both total holdings and Bitcoin per share over the medium to long term. It may sell Bitcoin when management considers monetization appropriate based on market conditions, funding needs, liquidity, capital policy, tax and accounting considerations and other requirements.

The company also reported more than $5 million (Ā„848 million) in third-quarter revenue from its Bitcoin Income Generation business.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.