Japan-based Metaplanet has surpassed Tesla among corporate Bitcoin holders following its largest single purchase to date.
On June 26, the company confirmed it had acquired 1,234 BTC for around $132.7 million, paying an average of $107,557 per coin.
This brings Metaplanet’s total Bitcoin holding to 12,345 BTC, worth around $1.333 billion based on current market prices.
The company’s cumulative investment in Bitcoin is $1.2 billion, with an average cost per BTC of $98,407. With Bitcoin trading exceeding $107,700, Metaplanet currently sits with unrealized profits of over $110 million.
Meanwhile, the latest purchase was the fourth acquisition of this month, marking the biggest acquisition since Metaplanet adopted its Bitcoin financial strategy in April 2024.
Metaplanet CEO Simon Gerovich noted that these aggressive purchases helped push Metaplanet ahead of Tesla, which holds 11,509 BTC.
The Japanese-based company is currently ranked globally as the seventh largest corporate Bitcoin holder. Meanwhile, market analysts have pointed out that an additional purchase of 1,000 BTC could move the company to the fifth spot, overtaking Bitcoin mining companies CleanSpark and Galaxy Digital.
In particular, the latest acquisition comes just a few weeks after Metaplanet surpassed its first 2025 10,000 BTC target. The company has since raised its target with a goal of 30,000 BTC by the end of 2025 and an ambitious 100,000 BTC by 2026.
In support of this expansion, Metaplanet recently secured $515 million through share offers supported by EVO funds. That capital is allocated for further purchases of Bitcoin, as in previous rounds.
Earlier this month, the company announced its major ambition to raise $5.4 billion to buy 210,000 BTC by 2027.
Metaplanet Stock Performance
Despite Crypto Holdings’ bullish trajectory, Metaplanet shares have surpassed 5% of ¥1,509 (approximately $10.40), according to data from Google Finance. This will extend the reduction of more than 15%.
Still, the broader trends in the company remain strong.
Over the past month, Metaplanet shares have risen nearly 60%, with performance from the start of the year showing impressive 322%, suggesting increased investors’ confidence in the company’s Bitcoin-first approach.
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