Metaplanet, which is listed in Tokyo, has added nearly $130 million to its Bitcoin reserve to become among the largest holders globally, surpassing El Salvador. The company says the latest purchase increases its balance to 6,796 Bitcoin, just a whisker above the 6,714 coins possessed by the Central American country.
Market Push In Asia
On May 12, Metaplanet announced it purchased 1,241 BTC at 14.8 million yen (about $101,843) per coin. That single deal is worth around $129 million at todayâs prices. The firm first started piling into Bitcoin in April 2024. Since then, it has made ever-larger buys each month.
*Metaplanet Acquires Additional 1,241 $BTC* pic.twitter.com/zrJYzaZJq6
â Metaplanet Inc. (@Metaplanet_JP) May 12, 2025
Rising Holdings And Paper Gains
Metaplanetâs per-coin average price paid is currently around $91,000. At that price, the firm is holding around a $13,000 profit for each Bitcoin it purchased. With 6,796 coins in its treasury, those profits total a paper profit of over $88 million at current market value of approximately $707 million.
Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, weâre just getting started.
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â Simon Gerovich (@gerovich) May 12, 2025
Steady Growth By The Numbers
The companyâs recent buying sprees have been incessant. In March, it acquired 18,925 coins in six transactions. April featured another four buys worth 18,586 coins. And on May 7, it purchased 5,555 more Bitcoin prior to this weekâs transaction. Itâs obvious theyâve taken each month as a new chance to stock up some more.
Source: Bitcoin Treasuries/Bitbo
Yield Figures Show Momentum
According to its most recent financial releases, Metaplanet has reported a BTC yield of almost 40% to date for the current quarter. That is up from a 96% yield in the first quarter of 2025. In those instances, âyieldâ represents how much the value of its Bitcoin holdings appreciated relative to its fully diluted share base.
Beating A Nation-State Holder
El Salvador continues to be the sixth-largest holder of countries with 6,714 Bitcoin worth approximately $642 million, according to the National Bitcoin Office. Metaplanetâs crossing beyond that threshold places it in rare company. Only nine other entities in the world hodl more, including Michael Saylorâs Strategy.
Image: UEEx
Saylorâs Suggestion Of Another Purchase
Talking of Saylor, Strategyâs CEO taunted another buy on May 12 by posting a âSaylor Trackerâ chart and stating, âConnect the dots.â His firm already owns 555,450 Bitcoin, which is nearly $58 billion today. In the past, such teases have been preceded by new buys.
A New Chapter For Corporate Treasuries
Metaplanetâs approach illustrates how certain companies now view Bitcoin as something more than a wagerâthey handle it as a staple asset. To investors who have been monitoring institutional adoption, each new owner who creeps past a nation or a big-name company is big news. And in this competition, Metaplanet just outran everyone.
Featured image from Gemini Imagen, chart from TradingView
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