Metaplanet Flips Tesla: Japan's Bitcoin Giant Takes 5th Spot

Japan-based Metaplanet has recently distinguished itself within the corporate Bitcoin landscape, surpassing Tesla as the fifth largest corporate holder of Bitcoin as of June 26, 2025. This notable development follows Metaplanet’s acquisition of 1,234 BTC, amounting to approximately $133 million at an average purchase price of $107,900 per Bitcoin. Consequently, Metaplanet’s total Bitcoin holdings have reached 12,345 BTC, with an estimated value of $1.3 billion—positioning the firm ahead of Tesla, which holds 11,509 BTC.

Metaplanet’s accelerated accumulation of Bitcoin reflects a deliberate shift toward a Bitcoin-first treasury strategy, initiated in April 2024. The company has articulated ambitious objectives: to amass 30,000 BTC by the end of 2025 and 100,000 BTC by 2026, with a long-term target of 210,000 BTC by 2027 under its “555 Million Plan.” To support these acquisitions, Metaplanet has secured $515 million through an equity offering, reinforcing its commitment to this strategic direction.

Currently, Metaplanet’s holdings place it just behind leading crypto-centric corporations such as MicroStrategy, Marathon Digital, Riot Platforms, and Galaxy Digital. This development exemplifies a broader movement among non-U.S. firms adopting Bitcoin as a primary treasury reserve asset, echoing the precedent set by MicroStrategy. Metaplanet’s aggressive strategy and substantial capital raises underscore its intent to become a major institutional force within the Bitcoin ecosystem, signaling a significant milestone in the ongoing institutional adoption of cryptocurrency.