MARA’s $1.1 Billion Bitcoin Sell-Off Hands Metaplanet the Number 3 Spot
Metaplanet has become the third-largest corporate holder of Bitcoin after MARA Holdings sold off $1.1 billion worth of BTC.Summary
Metaplanet (3350) has risen to the third-largest publicly traded company by Bitcoin holdings, surpassing MARA Holdings, after acquiring 5,075 BTC in Q1 2026. This advancement is largely due to MARA Holdings’ significant sale of 15,133 BTC—approximately $1.1 billion—to repurchase convertible debt. MARA’s holdings have decreased from 53,822 BTC to 38,689 BTC, while Metaplanet now holds 40,177 BTC, trailing only Strategy (MSTR) and Twenty One Capital (XXI). Metaplanet’s strategy involves aggressive accumulation, aiming for 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027, funded by stock offerings and warrant exercises. Despite its rising position, Metaplanet’s stock performance has lagged, and its average cost basis for Bitcoin remains significantly above the current market price.
(Source：BeInCrypto)