The fight for dominance as a Bitcoin treasury builder is on, with Japan’s Metaplanet scooping up another 1,241 BTC to increase its total holdings amid a price rally.
The new week started on a high note for Metaplanet, Asia’s largest Bitcoin (BTC) holders, as it recorded a new acquisition. On May 12, the firm announced that it had made a new purchase of 1,241 BTC units, marking an expansion of its Bitcoin holdings, which were previously around 5,000 coins.
Metaplanet BTC Holding is in Profit
Metaplanet’s recent BTC purchase is worth approximately $130.7 million. Notably, 1 unit of Bitcoin is currently valued at $105,337.65, following a 1.62% increase in under 24 hours. The 1,241 Bitcoin brings the Japanese financial leader’s total holding to 6,800, still about 30% away from its goal of 10,000 BTC by the end of the year.
The company earlier announced its $25 million bond issuance at 0%, stating it plans to further its BTC acquisition. Such bond issuance has been Metaplanet’s strategy for generating funds for BTC purchase. A more recent approach is the firm’s move to start a new business in Florida. Metaplanet wants to raise $250 million to grow its Bitcoin holdings and increase its presence in the United States.
In Asia, the company has successfully risen to the position of the largest Bitcoin holder. Moreover, Metaplanet ranked as the ninth-largest public Bitcoin holder globally. For the first quarter of 2025, this firm recorded 95.6% in its BTC Yield, and a Year-to-date (YTD) figure of 6.5% as of April 14. This suggests that the Bitcoin Marxist is in profit.
Its total Bitcoin holding was acquired for $608.2 million at an average cost of $89,492 per Bitcoin.
Metaplanet Outranks El Salvador, But Behind Strategy
As a result of its recent purchase, Metaplanet has successfully surpassed El Salvador in total BTC holdings, even though the latter long approved Bitcoin as legal tender.
It may not be too long before the Japanese firm challenges Coinbase and Block Inc.’s Bitcoin holdings. On the other hand, it could take some years before Metaplanet ranks alongside Strategy, formerly MicroStrategy.
Michael Saylor-led Strategy has relegated several companies to the background with its well-thought-out Bitcoin accumulation strategy. The business intelligence software firm boasts 555,450 BTC in its financial investment portfolio.
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