Metaplanet Overtakes Tesla as 7th Largest Corporate Bitcoin Holder with Latest $132M Purchase

Andrew Chen
Metaplanet

Key Takeaways:

  • Metaplanet now holds 12,345 BTC, surpassing Tesla to become the 7th-largest public Bitcoin holder.
  • The firm plans to acquire 210,000 BTC by 2027, supported by a recent $515 million stock raise.
  • Despite recent stock volatility, investor confidence remains high due to Metaplanet’s long-term vision in crypto.

Japanese investment powerhouse Metaplanet has taken a major leap in the digital asset world, acquiring 1,234 Bitcoin (BTC) worth approximately $132.7 million. The purchase comes just a day after the Tokyo-based firm raised $515 million through a stock issuance to expand its aggressive Bitcoin strategy.

This acquisition boosts Metaplanet’s total holdings to 12,345 BTC, worth roughly $1.3 billion at current market prices. With this move, Metaplanet now ranks as the seventh-largest corporate Bitcoin holder, overtaking Tesla, which holds 11,509 BTC.

Strategic Stock Offering Fuels Bitcoin Expansion

Metaplanet’s Bitcoin accumulation follows a substantial capital raise, in which the firm issued 74.9 billion yen ($515 million) worth of stock. This capital injection supports its plan to invest $555 million to secure 1% of Bitcoin’s total supply—an ambitious strategy that underscores its belief in Bitcoin’s long-term value.

Despite short-term volatility, including a 0.94% dip in share price on Thursday and a 12.2% decline over the past five days, the company’s stock has skyrocketed 353.5% year-to-date. This signals strong investor confidence in Metaplanet’s long-term crypto-focused strategy.

Goal: 210,000 BTC by 2027

Since initiating its Bitcoin strategy in April 2024, Metaplanet has rapidly increased its digital asset footprint. The firm recently updated its target, aiming to hold over 210,000 BTC by 2027—a bold move that would put it in contention with top Bitcoin-holding firms like MicroStrategy, which currently owns 592,345 BTC.

By aiming for this large-scale acquisition, Metaplanet intends to position itself as a key institutional player in the Bitcoin ecosystem, locking in a substantial portion of the cryptocurrency’s limited 21 million coin supply.

Also Read: Metaplanet to Invest $5B in U.S. Subsidiary to Scale Bitcoin Treasury to 210,000 BTC

Corporate Confidence in Bitcoin as a Strategic Asset

Metaplanet’s trajectory mirrors the strategies of other major players like MicroStrategy, reinforcing the trend of corporate Bitcoin adoption as a long-term investment. The company’s assertive entry into the market highlights a deep trust in Bitcoin’s future growth, despite regulatory uncertainties and price volatility.

This aggressive strategy also gives Metaplanet increasing influence over the Bitcoin market, particularly as more institutions race to secure a slice of the digital asset before supply tightens further.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses

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