Metaplanet's Bitcoin (BTC) Holdings Reach 44,000, Second Only to Strategy

44,000 BTC and Second Place

Metaplanet moved into second place among publicly listed corporate holders of Bitcoin (BTC) after the Tokyo-based company disclosed on October 5 that it added 1,000 BTC on a net basis in the third quarter of its fiscal year ending December 2026. The quarterly figure lifted total holdings to 44,000 BTC, and the tally compiled by BitcoinTreasuries, a public tracker of disclosed corporate positions, now ranks only Strategy ahead of the Japanese firm among listed companies. The number is reported net, meaning gross purchases in the quarter less any disposals or transfers, and the tracker aggregates only holdings that companies themselves disclose, which makes it the reference point most corporate treasuries are measured against.

The Bitcoin (BTC) price traded near $82,500 on Friday, about 0.9% higher over the past 24 hours, which values the 44,000 BTC position at close to $3.6 billion. At that spot, second place puts a Japanese treasury above every other listed corporate holder in a market where accumulated company buying has become a structural source of demand. The pace has been a steady drip rather than a single large buy, an average of roughly 11 Bitcoin (BTC) per calendar day across the July to September window. The buying pattern follows the template of a corporate strategic Bitcoin reserve, a treasury policy under which a listed company holds bitcoin as its principal reserve asset instead of cash. Disclosures of this kind are the primary record behind the ranking, since they come from the company's own investor-relations reporting rather than third-party estimates. How long the number-two slot lasts depends on the pace both treasuries keep, which is where the comparison with Strategy comes in.

Strategy Still Sets the Pace

Strategy still sets the pace for this segment, and the two treasuries diverge most clearly on cadence. The ranking leader resumed its weekly purchase program and disclosed an addition of 334 BTC for roughly $24 million, and the coin rebounded to $86,970 on Monday as the buy crossed the tape. It has since drifted back to the low $82,000s, so the Monday print now stands as a recent reference high rather than the current level.

On a per-day basis, Strategy's weekly clip of 334 Bitcoin (BTC) works out to about 48 BTC, more than four times Metaplanet's quarterly average of roughly 11 BTC per day, which is the arithmetic reason the ranking is unlikely to flip quickly. Metaplanet closes on the leader only if its quarterly net totals outrun Strategy's weekly purchases over an extended stretch, and the latest report shows the leader has no intention of slowing. Both treasuries accumulate rather than sell for now, a posture that mirrors a long-term hodl approach applied at the corporate level and that keeps feeding the corporate whale segment of the market.

The purchases also land where traders are watching: each disclosed treasury print is treated as a demand datapoint for the broader Bitcoin market, and Monday's response confirmed that treatment once more. How long the second-place position holds will be decided in the same places the current one was earned, the next quarterly disclosure from Tokyo and the next weekly buy from Strategy.

The technical frame around these flows is defined but narrow. Our composite scoring, which rates each level from the indicators that meet there, places the strongest support at $80,919 with a score of 96 out of 100 and the nearest resistance at $84,426 at 83 out of 100, as mapped in our Bitcoin technical analysis. Derivatives positioning carries little stress, with the funding rate at 0.0010% and open interest near $15.4 billion, conditions that do not point to a crowded long. A daily close above $84,426 would extend the recovery that began with Strategy's purchase, while losing $80,919 would put the focus back on whether corporate bids alone can hold the range. Supply-side pressure has also eased recently, as our report on miner selling pressure documents. Whatever the levels resolve, the field is set: Metaplanet sits second among listed corporate holders, behind only Strategy, per the tally its own disclosure cites.