Strategy and Metaplanet focus on math-driven Bitcoin accumulation

Strategy and Metaplanet, the two heaviest public-company Bitcoin holders on the planet, have quietly shifted the way they think about their massive crypto treasuries. Instead of obsessing over Bitcoin’s spot price, both firms now center their corporate strategy around a single performance metric: BTC Yield, which measures the growth of Bitcoin holdings per fully diluted share. The numbers behind the strategy Strategy, the firm formerly known as MicroStrategy, holds approximately 840,447 BTC, making it the largest public-company Bitcoin holder by a wide margin. Metaplanet, the Tokyo-listed company trading under ticker 3350.T, ranks third among public firms with roughly 43,000 BTC. Metaplanet has been particularly aggressive in 2026. The company scooped up 5,075 BTC in Q1 and followed that with another 2,823 BTC in Q2 at an average price of roughly $78,579 per coin. The targets each company has set tell the story even more clearly. Metaplanet wants to hold 100,000 BTC by the end of 2026 and 210,000 BTC by the close of 2027. Strategy is aiming for a round million BTC, a figure that would represent roughly 4.8% of Bitcoin’s total fixed supply of 21 million coins. Both companies fund th...