Nazia Saeed
- Metaplanet added 1,111 BTC to its treasury, bringing total holdings to 11,111 BTC just 398 BTC behind Tesla’s 11,509 BTC, positioning itself to potentially surpass Tesla soon.
- The company spent ¥17.26 billion (~$117 million) on the purchase, paying an average of just under $105,500 per BTC, while maintaining a lower average cost basis of $95,560.
- Public companies are accelerating Bitcoin accumulation, with over 237 firms now holding more than 832,000 BTC combined nearly 4% of the total Bitcoin supply.
Metaplanet has added 1,111 BTC to its growing corporate Bitcoin treasury, bringing its total to 11,111 BTC and closing in on Tesla’s 11,509 BTC holdings. The Japanese firm now trails Tesla by just 398 BTC, narrowing the gap in corporate Bitcoin leadership.
In a regulatory disclosure, Metaplanet confirmed the purchase of 1,111 BTC, solidifying its reputation as Japan’s premier corporate Bitcoin holder. The acquisition, valued at approximately 17.26 billion Japanese yen(around $117 million), was made at an average price of just under $105,500 per Bitcoin.
At the time of the announcement, Bitcoin was trading just below $102,000 roughly 3.3% under Metaplanet’s latest purchase price, based on CoinMarketCap data. Despite this short-term market dip, the firm maintains a lower average cost basis of $95,560 per BTC, keeping its long-term position advantageous.
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Metaplanet’s treasury growth continues
This latest purchase follows closely behind the company’s acquisition of 1,112 BTC just a week ago, which had pushed its holdings to the 10,000 BTC threshold. That move came on the heels of Metaplanet being recognized as the world’s eighth-largest corporate Bitcoin holder.
Although it temporarily slipped to ninth place after mining firm Hut 8 increased its holdings, Metaplanet has since reclaimed the eighth spot. Tesla, with 11,509 BTC, is now the only company standing between Metaplanet and a higher position. Given its recent buying pace, Metaplanet may overtake Tesla’s Bitcoin treasury before the end of the month.
Public companies expand BTC treasuries
Metaplanet’s aggressive strategy reflects a growing trend among public companies strengthening their Bitcoin reserves or establishing dedicated treasuries. Across the industry, corporate BTC treasuries are increasing rapidly.
Just days ago, Bitcoin-holding firm Nakamoto Holdings raised $51.5 million to expand its reserves. Meanwhile, Parataxis Holdings, linked to Parataxis Capital Management, introduced a Bitcoin-native treasury platform in South Korea’s public market.
Norwegian crypto firm K33 revealed plans to raise at least 85 million Swedish krona (about $8.9 million) through a new share issuance to fund the acquisition of up to 1,000 BTC. Also in Norway, Norwegian Block Exchange saw its stock price surge over 138% in one day after it announced plans to begin purchasing and holding Bitcoin.
Another example includes Paris-based technology firm The Blockchain Group, which recently acquired 182 BTC for approximately $19.6 million, raising its total to 1,653 BTC as of Wednesday.
According to BitcoinTreasuries.NET, over 237 publicly traded companies now hold Bitcoin, with combined holdings of more than 832,000 BTC about 3.96% of Bitcoin’s total 21 million coin supply.
