Bitcoin Attack from Japanese Investment Company Metaplanet! It Left El Salvador Behind in Bitcoin Assets! Here Are the Details

Bitcoin Attack from Japanese Investment Company Metaplanet! It Left El Salvador Behind in Bitcoin Assets! Here Are the Details Metaplanet announced that it has surpassed El Salvador in total Bitcoin holdings by purchasing 1,241 BTC worth approximately $126.7 million. Japanese investment firm Metaplanet announced on Monday that it has surpassed El Salvador in total Bitcoin holdings, purchasing 1,241 BTC worth approximately $126.7 million. Metaplanet Surpasses El Salvador in Bitcoin Assets with Latest $126.7 Million Purchase The Tokyo-listed company, which is often compared to Strategy for its aggressive Bitcoin accumulation strategy, currently holds a total of 6,796 BTC, worth approximately $706.7 million at current market prices. The average purchase price of Metaplanet’s Bitcoin portfolio is $89,492, Metaplanet CEO Simon Gerovich said in an update on X. “The Metaplanet now has more Bitcoin than El Salvador. From humble beginnings to rivaling nation states, we are just getting started,” Gerovich wrote. The move puts Metaplanet ahead of El Salvador, which currently has 6,174 BTC, which made headlines in 2021 as the first country to accept Bitcoin as legal tender. Metaplanet began accumulating Bitcoin in April 2024 as part of its strategy to transition into digital assets. The company has issued a series of bonds to fund its purchases and aims to reach 10,000 BTC by the end of 2025. It recently completed its 14th bond issuance, raising $21.25 million to support ongoing purchases. Asia’s Largest Public Bitcoin Holder With its expanding Bitcoin treasury, Metaplanet has consolidated its position as the largest public institutional Bitcoin holder in Asia, according to Bitcointreasuries.net data, and is currently ranked 11th in the world. At the top of the list is Strategy, led by Michael Saylor, with 555,450 BTC. Metaplanet shares gained 3.82% in trading on the Tokyo Stock Exchange on Monday. Investors have responded positively to the company’s growing cryptocurrency exposure. The share price action reflects general enthusiasm for companies to embrace Bitcoin, especially amid an ongoing rally that has pushed BTC prices above the $100,000 threshold. The company’s aggressive Bitcoin strategy, once seen as speculative, is becoming increasingly strategic amid the changing macroeconomic and digital asset landscape. *This is not investment advice.