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Metaplanet Overtakes Tesla as Seventh-Largest Corporate Bitcoin Holder
- Metaplanet added 1,234 BTC at an average cost of ¥15.6 million per coin.
- Tesla holds 11,509 BTC, while Metaplanet’s total now sits at 12,345 BTC.
- Metaplanet is just behind CleanSpark’s 12,502 BTC Bitcoin treasury.
Japanese investment firm Metaplanet has surpassed Tesla to become the seventh-largest corporate holder of Bitcoin. The company disclosed on Thursday that it had acquired an additional 1,234 BTC at an average price of ¥15.6 million (AU$164,691).
Metaplanet now holds a total of 12,345 BTC compared with Tesla’s 11,509 BTC. At current market prices, Metaplanet’s Bitcoin holdings are worth about US$1.3 billion (AU$1.98 billion).
Related: Japanese Firms Double Down on Bitcoin: ANAP and Remixpoint Boost Holdings Beyond ¥17 Billion
Planning for Long-Term Accumulation
Metaplanet, which pivoted from hospitality to Bitcoin investment in April 2024, is rapidly scaling its BTC reserves through a mix of bond issuances and equity raises. Earlier this month, it announced the 555 Million Plan aimed at issuing 555 million shares to raise ¥770.9 billion (AU$8.24 billion).
The capital is earmarked for purchasing up to 210,000 BTC by 2027 – a target that represents 1% of Bitcoin’s total supply. The company has already raised ¥74.9 billion (AU$780 million) through the issuance of 54 million shares.
According to BitcoinTreasuries.NET, Metaplanet is now the only Asian firm among the top ten corporate Bitcoin holders, and trails Cleanspark by 157 BTC. The company’s stock has rallied significantly this year, with around a 300% gain year-to-date.
By surpassing Tesla, Metaplanet has reinforced its aggressive stance on Bitcoin accumulation, intensifying corporate competition in the digital asset space.
Related: Strategy Adds US$26M in Bitcoin, Marking Slower Pace in Saylor’s Buying Spree
Author
Rachel Lourdesamy
Rachel is a freelance writer based in Sydney with experience within financial services, marketing, and corporate communications in the APAC region. An avid reader and a graduate of the University of Sydney, she covers topics including business, finance and human interest.
