Japanese investment giant Metaplanet has surpassed El Salvador's Bitcoin reserves with $126.7 million in new Bitcoin purchases, bringing its total to 6,796 BTC.
Japanese investment firm Metaplanet has purchased 1,241 Bitcoins (BTC) worth $126.7 million, bringing its total reserves above El Salvador's level. The new purchase brings the company's total Bitcoin holdings to 6,796 BTC, with a current market capitalization of approximately $706.7 million. “Metaplanet now has more Bitcoin than El Salvador,” CEO Simon Gerovich said in a statement.
Metaplanet is continuing its Bitcoin accumulation strategy, which began in April 2024, aiming for 10,000 BTC by the end of 2025. The company financed its Bitcoin purchases with funds from bond issuance. Metaplanet, which last issued a bond worth $21.25 million, currently ranks 11th among Bitcoin-owning companies worldwide.
