Particle.news

Download on the App Store

Metaplanet Overtakes Tesla to Become Fifth-Largest Corporate Bitcoin Holder

The company is funding bitcoin purchases through bond issues to hedge against yen depreciation.

Image
Image

Overview

  • Metaplanet acquired 1,234 BTC for $133 million at an average price of roughly $107,900, bringing its total holdings to 12,345 coins valued above $1.3 billion.
  • With 12,345 BTC on its balance sheet, the Tokyo-listed hotelier has moved past Tesla’s 11,509 coins and now ranks fifth among corporate bitcoin holders.
  • The company has bolstered its purchases by raising capital through bond issues and equity sales over the past year.
  • Metaplanet has set a goal of accumulating 210,000 BTC by the end of 2027 to protect against yen volatility and bolster its financial resilience.
  • Its aggressive treasury strategy mirrors a broader shift of firms adopting bitcoin as a strategic asset following the path charted by MicroStrategy.