Metaplanet Surpasses Tesla in Bitcoin Holdings
Metaplanet, Japan’s leading corporate Bitcoin treasury, has significantly increased its Bitcoin (BTC) holdings by purchasing an additional 1,234 BTC. This move brings its total to 12,345 BTC, surpassing Tesla‘s current holdings of 11,509 BTC. The acquisition, made at an average price of 15.6 million yen (about $108,000) per BTC, underscores the growing trend of corporations embracing Bitcoin as a treasury asset.
Strategic Expansion with the 555 Million Plan
Metaplanet‘s latest purchase is part of its ambitious ‘555 Million Plan,’ aiming to hold 201,112 BTC by 2027. This strategy highlights the company’s confidence in Bitcoin’s long-term value. The plan could represent an investment of over $21 billion at current prices.
Corporate Bitcoin Treasuries: A Growing Trend
The trend of corporations holding Bitcoin is gaining momentum. Metaplanet now ranks as the seventh-largest corporate Bitcoin treasury globally. Other companies like Nakamoto Holdings and The Blockchain Group are also increasing their Bitcoin reserves.
Market Impact and Future Outlook
Metaplanet’s aggressive accumulation of Bitcoin could have a bullish impact on the cryptocurrency market. This move validates Bitcoin’s role as a store of value and may increase its scarcity and demand.
