Japanese public-listed firm Metaplanet (MTPLF) has recently overtaken Elon Musk’s Tesla Holdings by purchasing another 1234 Bitcoins from the open market. As a result, it has climbed from the tenth spot two weeks back to the seventh position, overtaking giants like Coinbase, Block Inc., Bitcoin miner Hut 8, and now Tesla. This aggressive BTC purchase comes a day after the firm announced a $5 billion fundraise for the US Subsidiary.
Metaplanet Accelerates Bitcoin Purchases
A day after kickstarting its “555 Million Plan“, the Japanese public-listed firm quickly announced a major 1234 BTC purchase, for an aggregate investment of $132.7 million, at a BTC price value of ~$107,557. The company has been on a massive buying spree this year, in 2025, while expanding its Bitcoin holdings by nearly 10-fold since the start of January.
Metaplanet CEO Simon Gerovich stated that this latest purchase pushes the company’s total Bitcoin holdings to 12,345 BTC, acquired at a cumulative cost of approximately $1.20 billion, averaging $97,036 per Bitcoin.
As of June 26, 2025, Metaplanet has achieved a remarkable Bitcoin yield of 315% year-to-date (YTD) in 2025, while putting major focus on Treasury growth. Today’s purchase comes within two days of the company announcing a $5 billion fundraise for its US subsidiary, to boost its “555 Million Plan”.
Recent BTC Purchase Arrests Further Stock Fall
With the Metaplanet stock crashing nearly 25% from its all-time high og 1,900 JPY last week, today’s BTC purchase has prevented any further fall. Currently, the stock price is settling at 1,560 levels, with some investors also calling it a buy-the-dip opportunity.
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