This brought its total holdings to 12,345 BTC, surpassing Tesla’s holdings of 11,509 BTC.
Metaplanet, a Japanese investment firm, has purchased an additional 1,234 BTC for roughly $132.7 million, just a day after announcing a $515 million raise to fund its bitcoin treasury strategy.
The Tokyo-listed firm stated in a Thursday disclosure that its latest acquisition of 1,234 BTC, at around $107,557 per bitcoin, increased its total holding to 12,345 BTC. Based on current market prices, the company holds about $1.3 billion worth of bitcoin.
Data from bitcointreasuries.net (which has yet to reflect Metaplanet’s latest bitcoin purchase) shows that Metaplanet is becoming the seventh-largest publicly listed corporate bitcoin holder, surpassing Tesla, which holds 11,509 BTC.
The company’s latest bitcoin acquisition followed its Wednesday announcement of a $515 million raise. Metaplanet said that it raised 74.9 billion yen ($515 million) through stock issuance as part of its ambitious “555 million plan” to secure 1% of bitcoin’s supply.
Metaplanet’s stock traded down 0.94% as of Thursday noon in Japan, with the market still open, according to Yahoo Finance data. The stock has fallen 12.2% over the past five days but remains up 353.5% year-to-date.
Earlier this month, the company, which began its Bitcoin acquisition strategy in April 2024, announced a revised target to hold over 210,000 BTC by the end of 2027.
Strategy, led by Michael Saylor, continues to top the global list with total holdings of 592,345 BTC following its acquisition of 245 BTC earlier this week.
