Metaplanet Surpasses Tesla to Become Fifth-Largest Corporate Bitcoin Holder
Japan’s Metaplanet Adds $237M in Bitcoin, Expanding Treasury to Over 15,500 BTC
Tokyo-based investment firm Metaplanet has cemented its position as one of the world’s largest corporate holders of Bitcoin, announcing a new purchase of 2,204 BTC worth approximately $237 million. The acquisition brings the company’s total holdings to 15,555 BTC, vaulting it past major players like Tesla and CleanSpark in the corporate Bitcoin treasury race.
In a regulatory filing on Monday, Metaplanet confirmed it bought the additional Bitcoin at an average price of ¥15.64 million (around $107,700) per coin. With an average purchase price now sitting near $99,985 across its entire portfolio, the firm has rapidly scaled its crypto strategy since entering the market earlier this year.
According to BitcoinTreasuries.net, Metaplanet now ranks as the fifth-largest corporate Bitcoin holder globally — trailing behind only titans like MicroStrategy and ProCap.
A Rapid Climb Up the Corporate Crypto Ladder
Metaplanet’s recent move builds on a series of aggressive buys. In late June, the firm made headlines when it purchased 1,234 BTC, bringing its holdings to 12,345 BTC and surpassing Tesla, which holds 11,509 BTC. Just days later, it edged past CleanSpark, a prominent Bitcoin miner, by acquiring another 1,005 BTC in a $108 million deal.
This strategic buildup reflects a broader trend among corporations leaning into Bitcoin as a treasury reserve asset, despite its volatility. Companies are increasingly betting on BTC’s long-term store-of-value potential, especially amid macroeconomic uncertainties and evolving regulatory landscapes.
Corporate Bitcoin Holdings Keep Rising
Metaplanet’s latest acquisition follows a wave of similar moves. Industry leader MicroStrategy (rebranded as Strategy) announced on June 30 that it had added 4,980 BTC to its massive stash — now totaling 597,325 BTC, purchased for $42.4 billion at an average of $70,982 per coin.
Other recent entrants include ProCap, founded by crypto investor Anthony Pompliano, which bought 3,724 BTC for $386 million in its debut buy. Meanwhile, Semler Scientific, a healthcare tech company, has made waves with a bold goal of scaling from 3,808 BTC to 105,000 BTC.
Is the Bitcoin Treasury Boom Sustainable?
While the Bitcoin treasury race is heating up, not everyone is convinced of its long-term sustainability. Glassnode analyst James Check recently cautioned that the “easy upside” for new entrants may be gone.
“For many new entrants, it could already be over,” Check noted, suggesting that investor sentiment now favors early adopters. “Nobody wants the 50th treasury company,” he added.
A recent report from VC firm Breed echoed that view, warning that many firms could fall into a “death spiral” if their accumulation strategies aren’t backed by solid fundamentals or long-term investor confidence.