Metaplanet, a publicly listed Japanese investment firm, has officially overtaken El Salvador in total Bitcoin holdings following a recent $129 million BTC purchase. The company now holds 6,796 Bitcoin—worth approximately $707 million—cementing its position as the largest Bitcoin holder in Asia and the tenth-largest globally, according to BiTBO.
Metaplanet’s Strategic Accumulation Surges
On May 12, Metaplanet announced the acquisition of 1,241 Bitcoin at an average purchase price of $101,843 per BTC, marking its highest individual buy to date. CEO Simon Gerovich commented on X, “Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started.”
Metaplanet began its aggressive Bitcoin accumulation strategy in April 2024. The firm has made a series of large buys in recent months, including:
- May 7: Acquired 5,555 BTC
- April: Conducted four purchases totaling 18,586 BTC
- March: Completed six purchases totaling 18,925 BTC
With an average BTC purchase price of $91,000, Metaplanet’s portfolio shows strong conviction in the digital asset as a long-term store of value.
El Salvador Falls Behind
El Salvador, once a pioneer among nation-states for adopting Bitcoin, now holds 6,714 BTC valued at approximately $642 million. While still the sixth-largest country holder of Bitcoin, it has now been surpassed by a corporate entity that began its accumulation less than a year ago.
Metaplanet also reported a Bitcoin Yield—the change in BTC holdings per fully diluted share—of 38% for the current quarter and 95.6% for Q1 2025.
Saylor Teases Another Strategy Buy
Meanwhile, Bitcoin heavyweight Michael Saylor may be preparing for yet another acquisition. On May 12, he posted a cryptic “Connect the dots” message alongside a chart from the “Saylor Tracker,” which monitors Strategy’s Bitcoin portfolio. These posts have historically preceded major BTC purchases.
Strategy remains the undisputed leader in corporate Bitcoin holdings with 555,450 BTC, worth roughly $57.8 billion at current market prices.
