Crypto News Focus

Metaplanet Overtakes Tesla in Bitcoin Holdings with 12,345 BTC

Metaplanet, a leading Japanese investment firm, has officially surpassed Tesla in corporate Bitcoin holdings. The company recently purchased 1,234 BTC, raising its total to 12,345 BTC—more than Tesla’s 11,509 BTC. This move positions Metaplanet as the seventh-largest corporate holder of Bitcoin globally, according to BitcoinTreasuries.NET.

The purchase was made at an average price of 15.6 million Japanese yen per coin, roughly $108,000. At the time of writing, Bitcoin trades around $108,150, showing a modest 1.4% increase in the past 24 hours.

metaplanet post on X

Metaplanet Ambitious Bitcoin Strategy

This acquisition is part of Metaplanet’s aggressive Bitcoin expansion strategy. Earlier this week, the company’s board approved a capital contribution of up to $5 billion. This new funding aims to accelerate the firm’s “555 Million Plan”—a goal to accumulate 201,112 BTC by 2027. At current market prices, this would amount to over $21 billion.

Previously, Metaplanet had set a short-term target of holding 100,000 BTC by 2026. The latest developments suggest the company is on track and moving faster than expected.

Corporate Bitcoin Adoption on the Rise

Metaplanet’s move is part of a broader trend of increasing corporate interest in Bitcoin. Other companies are also expanding their BTC treasuries:

A New Era for Institutional Crypto Investments

With its massive Bitcoin holdings and ambitious roadmap, Metaplanet is setting a strong example for other companies. As more corporations seek alternatives to traditional reserves, Bitcoin is becoming a key player in global treasury strategies. Metaplanet’s bold moves may inspire a new wave of institutional adoption across the world.

DISCLAIMER:
The views and opinions expressed herein are solely those of the author  and do not necessarily reflect the views of the publisher. The publisher does not endorse or guarantee the accuracy of any information presented in this article. Readers are encouraged to conduct further research and consult additional sources before making any decisions based on the content provided.

Exit mobile version