Metaplanet flips MARA with 43K BTC, but can it still reach 100K?
Japan-based Metaplanet has turn into the world’s third-largest Bitcoin treasury, successfully flipping public miner MARA.
Metaplanet reported that it added 2,823 BTC in Q2, bringing its stash to 43K cash. It surpassed MARA’s 36.3K BTC holdings and will quickly outpace the second-largest treasury agency, Twenty One Capital, which at the moment holds 43.5K BTC.
Commenting on the milestone, Michael Saylor, the founding father of the worldwide BTC treasury chief Technique, stated,
Congrats to Metaplanet on reaching ₿43,000 and changing into the #3 company Bitcoin treasury on the earth. You’re proving that the Bitcoin treasury technique is international.
Nonetheless, the agency might fail to hit its finish of 2026 goal of 100K Bitcoin [BTC], given the tempo of accumulation previously few quarters.
Notably, in This fall 2025, it purchased about 5K BTC. Equally, it acquired barely over 5K BTC in Q1 2026, bringing its stash to 40.1K BTC. The newest report reveals that it solely purchased half of what it bought previously quarters.
Assuming it provides one other 10K BTC within the subsequent two quarters, that may be 53K BTC. Nonetheless, this might be wanting the 100K BTC goal.
Blended outcomes for Bitcoin treasury sector
That stated, some corporations akin to Bitcoin miner Riot Platforms offloaded 500 BTC, price $30M, to double down on its AI guess. In truth, MARA and different public miners have used their BTC holdings to increase into AI infrastructure investments.
One other Korean and Nasdaq-listed agency, Ok Wave Media, additionally exited its whole Bitcoin treasury commerce after promoting its remaining 88 BTC. Based on SEC filings, it bought the final BTC holdings in Q2 to repay a $6M debt.
Total, demand by BTC treasury corporations has been blended in H1 2026. After the February dump, the general public corporations added over 80K BTC, and demand peaked in April.
Prior to now two months, the demand tapered to 46K BTC in Might. By June, the urge for food fell by over 8x to solely 7K BTC as BTC struggled to carry above $60K.
Total, prime corporations like Metaplanet have elevated their BTC publicity however at a comparatively gradual tempo. The development has mirrored broader blended demand for BTC by public corporations in H1 2026.
Ultimate Abstract
- Metaplanet elevated its holdings to 43K BTC, making it the third-largest Bitcoin treasury agency
- Bitcoin treasury corporations noticed surging demand in Q1 however peaked in April, earlier than easing in late Q2.
