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The Japanese company's Bitcoin assets have surpassed those of El Salvador.
The Tokyo-based investment firm Metaplanet increased its total assets to 6,796 BTC by buying 1,241 Bitcoins. This amount is worth 707 million dollars at current prices.
Metaplanet announced on Monday that it has made a new BTC purchase worth 126 million 700 thousand dollars. The company’s CEO, Simon Gerovich, stated in a post from his X account that this purchase was made at an average cost of 102 thousand 119 dollars. The company’s total BTC cost to date has reached 608 million dollars, with an average unit price of 89 thousand 492 dollars.
In April 2024, Metaplanet, which is implementing its crypto strategy, aims to reach 10,000 BTC by the end of the year.
According to the disclosed data, Metaplanet has the largest Bitcoin reserves among publicly traded companies in Asia. The company's Bitcoin holdings have surpassed those of El Salvador, which has 6,174 BTC.
Gerovich said, "We have come from a modest beginning to a point where we compete with states, this is just the beginning."
Published: May 12, 2025 14:11Last Updated: May 12, 2025 14:12