Metaplanet’s Strategic Bitcoin Acquisition Elevates Its Position in the Global Market
In an impressive financial maneuver, Tokyo-based Metaplanet Inc. has surpassed Tesla in the rankings of public companies holding Bitcoin. This achievement follows a recent acquisition of 1,234 BTC, bringing Metaplanet’s total Bitcoin holdings to an impressive 12,345 BTC. According to a filing dated June 26, 2025, Metaplanet has incorporated this latest Bitcoin purchase as part of its strategic “Bitcoin Treasury Operations.” The acquisition was made at an average price of ¥15.62 million per coin, resulting in a total expenditure of ¥19.27 billion. This brings the company’s cumulative investment in Bitcoin to ¥175.68 billion, approximately equivalent to $1.11 billion at the current exchange rate.
Metaplanet Overtakes Tesla in the Bitcoin Holdings Arena
Using data from BitcoinTreasuries.net, with Bitcoin valued at approximately $107,400, Metaplanet’s holdings now have an estimated value of $1.33 billion. This places Metaplanet in the seventh position among publicly traded Bitcoin holders, trailing behind companies like CleanSpark (12,502 BTC), Galaxy Digital (12,830 BTC), Riot Platforms (19,225 BTC), XXI (37,230 BTC), Marathon Digital (49,678 BTC), and the foremost leader, MicroStrategy, with a staggering 592,345 BTC. Meanwhile, Tesla’s Bitcoin reserves stand at 11,509 BTC, relegating it to the eighth position in the rankings.
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Metaplanet’s Ambitious Bitcoin Accumulation Strategy
The pace of Metaplanet’s Bitcoin accumulation has been remarkable. From holding just 398 BTC at the end of September 2024, the company increased its reserves to 1,762 BTC by year-end, then to 4,046 BTC by March 31, 2025, and reached 10,000 BTC by mid-June. The latest purchase further enhances their holdings. Metaplanet has articulated a bold vision in its investor communications, aiming to accumulate up to 210,000 BTC—approximately one percent of Bitcoin’s maximum supply—by the close of 2027. This goal implies acquiring over 200,000 additional BTC within the next 30 months.
Innovative Financing Strategies Fueling Growth
Metaplanet has aggressively pursued financing strategies to support its Bitcoin acquisition efforts. Since January, the company has issued a series of zero-coupon yen and dollar-denominated bonds, alongside 0%-discount “moving-strike” warrants. These financial instruments are part of an ongoing cycle, referred to as the “210 Million Plan,” where each tranche is redeemed early with funds from subsequent ones. This approach has already channeled more than ¥35 billion into Bitcoin purchases while minimizing interest expenses.
Analyzing the BTC Yield Metric
The company introduces a treasury metric known as “BTC Yield,” which measures the percentage change in BTC per fully diluted share outstanding. As of the current quarter, this yield has reached 112.2%. The latest report emphasizes that this metric isolates the impact of dilution, showcasing the net Bitcoin growth driven solely by Metaplanet’s treasury operations.
Tesla’s Static Bitcoin Holdings
In contrast, Tesla has remained inactive in acquiring Bitcoin since February 2021. The company’s Bitcoin balance has remained unchanged since it sold approximately 75% of its initial $1.5 billion position during the second quarter of 2022.
Metaplanet’s Milestone Achievement
Surpassing Tesla in Bitcoin holdings is a significant milestone for Metaplanet, especially as it becomes the first Asia-based issuer to enter the top seven positions. With 12,345 BTC, Metaplanet now controls over 0.058 percent of Bitcoin’s total supply of 21 million coins, slightly ahead of Tesla’s 0.054 percent.
Current Bitcoin Market Overview
As of the latest market update, Bitcoin trades at $107,180, reflecting the dynamic nature of the cryptocurrency market.
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