Metaplanet Overtakes Tesla as 7th Largest Corporate Bitcoin Holder

Metaplanet, a Japanese investment firm, has recently made a significant move in the cryptocurrency market by overtaking Tesla to become the seventh largest corporate holder of Bitcoin. This achievement comes after Metaplanet's latest purchase of 1,234 BTC, which was acquired at an average price of $107,557 per BTC. The total value of this acquisition is approximately $133 million, bringing Metaplanet's total Bitcoin holdings to 12,345 BTC.

With this latest purchase, Metaplanet has surpassed Tesla, which holds 11,509 BTC, and is now within striking distance of Bitcoin miner CleanSpark, which holds 12,502 BTC. Metaplanet's total Bitcoin holdings are now valued at around $1.3 billion, based on the current market price of Bitcoin at $107,460.

Metaplanet's aggressive accumulation strategy is inspired by Michael Saylor’s strategy, which involves funding Bitcoin purchases through a combination of stock and bond sales. The firm aims to secure 1% of Bitcoin’s supply as part of its bold “555 million plan.” Metaplanet has pledged to accumulate 210,000 BTC by the end of 2027, with a target of 30,000 BTC by the end of this year.

The company, which rebranded in 2024 from a hotelier to a dedicated Bitcoin treasury, has established a Florida-based subsidiary, Metaplanet Treasury Corp, to boost its global Bitcoin treasury operations. Metaplanet’s board has approved a capital injection of up to $5 billion for the U.S. unit to accelerate its BTC acquisition strategy.

Metaplanet's rise in the rankings of corporate Bitcoin holders is a testament to its strategic vision and execution. By overtaking Tesla, the company has demonstrated its ability to compete with some of the world's most innovative and forward-thinking corporations. This achievement is likely to inspire other companies to consider Bitcoin as a viable investment option, further driving the adoption of cryptocurrencies in the corporate world.