43,000 Bitcoin Milestone: Japanese Metaplanet Locks Down Global Top 3 Rank

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Japanese corporation Metaplanet has officially entered the top 3 largest public holders of Bitcoin in the world. In just two years, the company built a giant digital reserve from scratch and now holds 43,000 BTC, trailing only two American giants on the global stage. Advertisement After a brief pause, Metaplanet returned to the market and bought another 2,823 BTC over Q2 2026, spending 35.886 billion yen on this purchase. Instead of printing new shares and diluting existing investors, the purchases were financed mainly through loans and the issuance of ordinary bonds. In addition, the company's specialized division traded Bitcoin options and generated $10.95 million in net profit. HOT Stories Ripple Co-Founder's PAC Boosts Democrat to Primary Victory Is XRP Reversal Even Possible? Bitcoin (BTC) May Aim for $52,000, Ethereum (ETH) Not Forgotten: Crypto Market Review This money was also used to buy coins, which helped reduce the real cost of each new Bitcoin below the market price. Advertisement Congrats to Metaplanet on reaching ₿43,000 and becoming the #3 corporate Bitcoin treasury in the world. You are proving that the Bitcoin treasury strategy is global.🚀 — Michael Saylor (@saylor) July 2, 2026 Today, Metaplanet's entire Bitcoin vault is valued at roughly 409 billion yen. At the same time, the company's total spending on all these coins over the past two years amounted to about 659 billion yen. The company's main internal performance metric is BTC Yield. It shows how much more Bitcoin is allocated to each investor's share. Over the quarter, this figure increased by 6.6%. Advertisement This is better than at the beginning of the year, when growth stood at 2.8%, but the overall pace is clearly slowing. The reason is simple: when there are already 43,000 BTC in the vault, each new thousand increases investors' overall share much more slowly than at the very beginning of the journey. Overtaking MARA, but trading at a discount In the global ranking by BitcoinTreasuries.net, the Japanese company has caused a real sensation. Metaplanet officially overtook American MARA Holdings with its 36,303 BTC and now needs just 514 more coins to reach second place in the world. You Might Also Like Thu, 07/02/2026 - 03:00 Is XRP Reversal Even Possible? Bitcoin (BTC) May Aim for $52,000, Ethereum (ETH) Not Forgotten: Crypto Market Review By Arman Shirinyan However, the paradox lies in investor sentiment, as Metaplanet shares on the Tokyo Stock Exchange are currently trading at a 16% discount to the value of its Bitcoin, and its mNAV ratio stands at 0.84. In simple terms, by buying the company's shares on the exchange, an investor gets the Bitcoin inside it cheaper than its real market price. For comparison, global Bitcoin treasury leader Strategy trades at an 8% premium to its reserves. In the context of the Asian market, this is a unique precedent — the company has built a colossal digital reserve, but the market still values it below the worth of the contents of its own wallet. #Bitcoin #Metaplanet #Bitcoin News