Étienne Girard
Metaplanet, Japan’s leading Bitcoin investment firm, has significantly increased its crypto holdings, purchasing 1,241 BTC valued at $126.7 million — a move that officially places it ahead of El Salvador in total Bitcoin reserves.
The Tokyo Stock Exchange-listed company revealed on Monday that the purchase was made at an average price of $102,119 per bitcoin, bringing its total stash to 6,796 BTC. According to CEO Simon Gerovich, these holdings were acquired at an average cost of $89,492, totaling $608.2 million in investment. At current market rates, the company’s Bitcoin is now worth approximately $706.7 million.
“Metaplanet now holds more Bitcoin than El Salvador,” Gerovich stated proudly on X. “From humble beginnings to rivaling nation-states — we’re just getting started.”
Outpacing El Salvador and Gaining Global Attention
El Salvador, the first nation to adopt Bitcoin as legal tender in 2021, currently owns 6,174 BTC, according to its official Bitcoin Office. Metaplanet has now overtaken the country, becoming the largest Bitcoin-holding corporate entity in Asia and the 11th largest globally, according to Bitcointreasuries.net.
Strategic Accumulation Fueled by Bond Issuances
Metaplanet began building its Bitcoin position in April 2024, implementing a long-term strategy to hit 10,000 BTC by the end of 2025. The company has financed these aggressive acquisitions through repeated bond sales. Most recently, it announced a $21.25 million bond issuance, marking its 14th round of traditional bond offerings.
This strategy has drawn comparisons to U.S.-based corporate giant Strategy, led by Michael Saylor, which remains the global leader with 555,450 BTC under its belt.
Market Response: Shares Climb as Confidence Grows
Investors reacted positively to the announcement, with Metaplanet shares rising 3.82% during Monday trading on the Tokyo Stock Exchange. The market movement highlights growing institutional and retail confidence in Metaplanet’s bold Bitcoin-first strategy.
