Metaplanet Surpasses Tesla as 7th Largest Corporate Bitcoin Holder

Metaplanet Inc., a Japanese investment firm, has made a significant move in the cryptocurrency market by surpassing Tesla to become the seventh-largest corporate holder of Bitcoin. This achievement was accomplished through the acquisition of 1,234 BTC, purchased at an average price of $107,557 per BTC, totaling approximately $133 million. With this purchase, Metaplanet's total Bitcoin holdings now stand at 12,345 BTC, surpassing Tesla's 11,509 BTC and positioning itself just behind Bitcoin miner CleanSpark, which holds 12,502 BTC. The total value of Metaplanet's Bitcoin holdings is around $1.3 billion, based on the current market price of Bitcoin at $107,460.

Metaplanet's aggressive accumulation strategy is modeled after Michael Saylor’s approach, 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 ambitious “555 million plan.” Metaplanet has pledged to accumulate 210,000 BTC by the end of 2027, with an interim 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 enhance 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 underscores its strategic vision and execution. By surpassing Tesla, the company has shown its capability to compete with some of the world's most innovative and forward-thinking corporations. This milestone is likely to encourage other companies to consider Bitcoin as a viable investment option, further driving the adoption of cryptocurrencies in the corporate world. Metaplanet's current holdings represent a little over 0.058 percent of Bitcoin's total supply of 21 million, highlighting its significant position in the market.

Metaplanet’s recent Bitcoin purchases have helped stabilize its stock price after a recent drop. The company’s stock was recently down nearly 25% from its all-time high of 1,900 JPY last week. However, today’s large Bitcoin purchase has helped prevent any further falls. The stock price is currently settling at 1,560 JPY levels, with some investors seeing this as a chance to buy the dip. Despite the recent daily dip, data shows the stock price has dropped over 12% in the last month but has surged nearly 353% year-to-date.

Metaplanet’s moves highlight a growing trend for companies to add Bitcoin to their financial plans. The company plans to hold at least 30,000 BTC by the end of 2025. If they succeed, Metaplanet would become the 4th largest corporate holder of Bitcoin, moving past current big players like Bitcoin mining firm Riot Platforms. This quick pace of Bitcoin buying by Metaplanet is happening as other public companies, such as GameStop and Semler Scientific, also add Bitcoin to their company funds. In just the last ten days, Michael Saylor’s MicroStrategy, Semler Scientific, and Metaplanet together bought over 13,000 Bitcoins. Also, Anthony Pompliano’s ProCap BTC has bought 4,932 BTC in the last two days after raising $1 billion. This combined buying shows Bitcoin’s growing role as a protection against global economic uncertainty.