Metaplanet, the Tokyo-listed company that pivoted from hotel operations to Bitcoin treasury strategy, has set what might be the most audacious corporate crypto target since MicroStrategy started buying coins in 2020. The company wants to hold 210,000 BTC by the end of 2027, which would represent exactly 1% of Bitcoin’s total fixed supply of 21 million coins.
As of April 1, 2026, Metaplanet holds 40,177 BTC. That means the company needs to acquire roughly 169,823 more Bitcoin to hit its goal.
The scale of the challenge
Metaplanet acquired 5,075 BTC in the first quarter of 2026. At that pace, reaching the 210,000 target by end of 2027 would take approximately 33 more quarters, or about eight years. The company has roughly seven quarters left on its self-imposed deadline.
That means the rate of acquisition would need to accelerate dramatically, something like 10x the current quarterly pace. The company’s average cost basis sits between $97,000 and $107,000 per BTC. At those prices, acquiring the remaining 169,823 Bitcoin would cost somewhere in the neighborhood of $16B to $18B. Metaplanet currently ranks as the third-largest publicly listed Bitcoin treasury company globally.
