Japanese investment firm Metaplanet has announced that it owns more Bitcoins than the Bitcoin-stacking country of El Salvador after adding another $129 million to its Bitcoin reserve.
The CEO of Metaplanet, Simon Gerovich, posted on X after the latest purchase announcement: “Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started,” he said.
On May 12, the Tokyo-listed firm announced that it had acquired 1,241 Bitcoin, reaching its highest-ever purchase worth around $129 million at current market prices.
After the latest purchase, Metaplanet placed itself among the largest Bitcoin holders in the world, with total holdings rising to 6,796 Bitcoin, currently worth around $707 million, continuing the journey it started in April 2024.
Meanwhile, El Salvador owns 6,714 Bitcoin worth around $642 million, according to the National Bitcoin Office, making the Latin American country the sixth-largest nation-state holder of the Bitcoin asset.
It seems that this will not be Metaplanet’s last Bitcoin purchase. Michael Saylor, a well-known crypto expert whose past comments have often been followed by BTC acquisition announcements, hinted at another potential purchase by the firm as he posted a screenshot of the “Saylor Tracker” chart, which tracks the firm’s Bitcoin treasury portfolio, followed by the comment: “Connect the dots.”
