Metaplanet has acquired 1,241 BTC for $126.7 million, pushing its total Bitcoin holdings above El Salvador’s national reserve.
Background
- Tokyo-listed investment firm Metaplanet announced on Monday that it has acquired an additional 1,241 BTC at an average price of $102,119, spending roughly $126.7 million.
- This new purchase raises the company’s total Bitcoin holdings to 6,796 BTC, now worth approximately $706.7 million based on current market prices.
- The firm's total BTC acquisition cost stands at $608.2 million, averaging $89,492 per Bitcoin. Metaplanet began its BTC accumulation strategy in April 2024 and has since scaled its position through multiple bond issuances.
Why Should You Pay Attention?
- With this purchase, Metaplanet now holds more Bitcoin than El Salvador, a nation known for adopting BTC as legal tender in 2021 and previously seen as the global torchbearer for sovereign crypto investment.
- Metaplanet’s aggressive accumulation strategy and financial backing through 14 bond issuances position it as a leading corporate Bitcoin holder in Asia and a rising global player.
- The company aims to reach 10,000 BTC by the end of 2025, a target that—if met—could significantly influence institutional crypto dynamics and raise Asia's profile in bitcoin treasury adoption.
Who Said What?
- Simon Gerovich, CEO of Metaplanet, wrote on X:
“Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we're just getting started.”
- According to El Salvador’s Bitcoin Office, the Central American nation holds 6,174 BTC, making Metaplanet’s 6,796 BTC the new benchmark among national or quasi-national entities.
- Bitcointreasuries.net lists Metaplanet as the 11th largest public Bitcoin holder globally, while Strategy, led by Michael Saylor, retains the top spot with 555,450 BTC.
Zooming Out
- Metaplanet’s Bitcoin strategy mirrors that of the U.S.-based Strategy, further validating the asset’s role in corporate treasuries amid rising institutional interest.
- The firm’s steady approach through bond-financed acquisitions underscores growing interest in Bitcoin as a hedge against inflation and as a store of value for companies operating in volatile macroeconomic environments.
- As Metaplanet targets 10,000 BTC, the firm’s trajectory reflects a broader trend of deepening corporate engagement in crypto assets, positioning Asia as a major participant in the global Bitcoin economy.
