In a striking move that underscores the increasing role of corporations in the Bitcoin accumulation race, Tokyo-listed investment firm Metaplanet Inc. (3350.T) has now overtaken El Salvador in total BTC holdings. With its latest treasury buy worth $129 million, Metaplanet’s Bitcoin stash has climbed to 6,796 BTC, officially eclipsing the Central American nation’s total of 6,174 BTC.
The announcement was made by Metaplanet CEO Simon Gerovich via a post on X (formerly Twitter), where he proudly stated that the company is now playing on the same field as nation-states. “We are now competing with governments,” Gerovich wrote, highlighting the symbolic weight of this milestone.
The company’s latest Bitcoin acquisition consisted of 1,241 BTC at an average price of approximately $102,000 per coin, bringing Metaplanet’s treasury value to around $707 million at current prices. This purchase is the firm’s largest single buy to date and represents another step toward its ambitious goal of holding 10,000 BTC by the end of 2025. The accumulation journey began just over a year ago in April 2024, and Metaplanet has already crossed the 67% mark.
Corporate Bitcoin Strategy: All-In on Digital Gold
Metaplanet’s strategy is anything but casual. The company has framed its BTC holdings as part of a long-term capital preservation and shareholder value plan. At the heart of this effort is a performance indicator known as BTC Yield — a proprietary key performance metric that tracks Bitcoin accumulation per share.
The numbers speak volumes. In Q2 2025, Metaplanet’s BTC Yield is tracking at 38%, a dip from 95.6% in Q1, and a significant drop from the record-setting 309.8% in Q4 2024. However, the year-to-date BTC Yield still stands strong at 170%, reinforcing the narrative that the firm’s crypto-centric strategy is delivering real value to shareholders.
Financing the Future with Bonds and Global Outreach
Metaplanet has financed its ongoing Bitcoin buying spree through a series of corporate bond offerings. To date, the company has launched 14 different bond sales, with the most recent bringing in $21.25 million. These funds have been exclusively channeled into Bitcoin purchases, reinforcing the company’s commitment to its crypto-focused roadmap.
But Metaplanet’s ambitions don’t stop in Japan. The firm recently raised $250 million from U.S. investors, signaling a clear intent to expand operations globally. The company has its sights set on Miami, Florida, as the future home of its U.S. headquarters, citing the state’s pro-crypto stance and vibrant startup ecosystem as major draws.
Florida, often dubbed a “crypto haven” within the United States, offers a favorable policy environment, making it a natural choice for blockchain-focused companies like Metaplanet. With its local government supporting innovation in digital assets and fintech, the state has cultivated a climate where both capital formation and crypto experimentation can flourish.
Global Bitcoin Rankings: Eyes on the Top
Metaplanet currently ranks as Asia’s largest publicly traded corporate holder of Bitcoin and stands at 11th place globally, closing in on the upper echelons of BTC-holding corporations. Still, the top spot remains firmly in the hands of Michael Saylor’s Strategy (formerly MicroStrategy), which boasts an eye-popping 568,000+ BTC.
While Strategy’s numbers dwarf Metaplanet’s current holdings, the Tokyo-based firm is clearly not content to remain in the shadows. With its aggressive accumulation plans, strong performance indicators, and growing international footprint, Metaplanet is making it known that it intends to be a dominant force in Bitcoin’s corporate adoption narrative.
As Bitcoin continues its ascent — trading at around $104,000 at the time of writing — Metaplanet’s bold moves put it at the center of a global shift, where public companies are no longer just observers of the crypto revolution but active participants shaping its future.
