Metaplanet filed the purchase through TDnet, Japan’s corporate disclosure system. The filing, per Metaplanet’s notice, confirms the 2,823 BTC acquisition and the resulting 43,000 BTC total holding as of June 30, 2026. It breaks out both the quarter’s buy price and the company’s cumulative average cost, a level of issuer-specific detail that goes beyond the country-level adoption figures most crypto trackers report.
The quarter’s average purchase price of ¥12,712,055 per BTC sits below the ¥15,331,542 cumulative average across all 43,000 coins. That gap means Metaplanet’s most recent buying happened at a discount to its own historical cost basis. The disclosure surfaces this by publishing both figures side by side rather than a single blended number.
The filing also reports a metric Metaplanet calls BTC Yield, a company-defined ratio measuring Bitcoin holdings growth relative to shares outstanding. That figure rose to 6.6% in Q2 FY2026, up from 2.8% in Q1. The Company may use Bitcoin options and related strategies as part of its acquisition and treasury framework, including transactions that may generate income, support targeted accumulation, or adjust exposure in response to market conditions.
The Income Business Behind the Yield
Metaplanet’s Bitcoin Income Business generated ¥1.75 billion in Q2 FY2026 operating revenue, ¥4.72 billion cumulative for the first half of the fiscal year, and ¥11.4 billion on a trailing-twelve-month basis. The company has not disclosed the specific instruments behind those figures beyond Gerovich’s reference to options and related strategies.
The trend line matters more than any single quarter. A revenue stream that barely factored into Metaplanet’s public reporting a year ago is now large enough to be broken out on its own line, and it lands in the same quarter the company’s BTC Yield metric more than doubled.
That timing is not necessarily coincidental. A treasury company that only buys and holds Bitcoin depends on price appreciation against a fixed or slowly growing share count for yield. Layering options income onto that base gives Metaplanet a lever that does not depend on the market moving in its favor, a design choice distinct from the passive self-custody wallet data CoinLaw tracks for individual BTC holders. It also introduces counterparty and volatility exposure that a pure buy-and-hold strategy does not carry.
Where 43,000 BTC Sits Against the Long-Term Target?
Metaplanet has stated a long-term objective of accumulating approximately 170,000 BTC, roughly 1% of Bitcoin’s total supply. The 43,000 BTC now on the balance sheet puts the company at roughly a quarter of that disclosed goal. At the pace of the most recent quarter, 2,823 BTC, reaching 170,000 would require dozens more quarters of comparable buying. Metaplanet has not published a timeline, and its purchase sizes have varied significantly quarter to quarter.
The ¥659.256 billion total cost basis also frames the scale of capital Metaplanet has now committed. Every additional purchase priced above the cumulative average pulls that blended figure higher; every purchase priced below it, like this quarter’s buy, pulls it down. The disclosure format itself, publishing both figures every quarter, gives shareholders a running scorecard that a simple “total BTC held” headline number does not.