Catenaa, Tuesday, May 13, 2025-Japanese investment firm Metaplanet has overtaken El Salvador in total bitcoin reserves, following its latest purchase of 1,241 BTC worth approximately $126.7 million, the company announced Monday.
This brings Metaplanet’s BTC holding to 6,79600, which has as at now a value about $706.7 million.
The company reported an average acquisition price of $89,492 per bitcoin, with the latest tranche acquired at $102,119 per BTC.
El Salvador, which became the first country to adopt bitcoin as legal tender in 2021, currently holds 6,174 BTC.
Metaplanet’s CEO, Simon Gerovich, framed the milestone as a symbolic shift in crypto leadership, stating the firm had moved “from humble beginnings to rivaling nation-states.”
Launched in April 2024, Metaplanet’s bitcoin strategy mirrors that of US-based Strategy (formerly MicroStrategy), led by Michael Saylor. The Tokyo-listed company is targeting 10,000 BTC in holdings by the end of 2025 and passed the halfway mark last month.
To fund its bitcoin acquisitions, Metaplanet has relied on repeated bond issuances. Its 14th issuance, announced Friday, raised $21.25 million.
The firm is now the largest public bitcoin holder in Asia and ranks 11th globally, according to Bitcointreasuries.net. Strategy remains the top corporate holder, with more than 555,000 BTC.
Metaplanet’s stock rose 3.82% yesterday in Tokyo.
Market watchers say continued bullish sentiment on bitcoin could further lift the company’s valuation.
