Japanese investment firm Metaplanet has expanded its Bitcoin holdings with the acquisition of 1,004 BTC, valued at approximately $104.6 million. This purchase, announced on May 19, marks the company’s second-largest single Bitcoin investment, following its May 12 acquisition of 1,241 BTC for $129 million. With this latest addition, Metaplanet’s total Bitcoin holdings have reached 7,800 BTC, worth around $807 million at current market prices.
Metaplanet now holds the largest Bitcoin reserves among publicly traded companies in Asia and ranks tenth globally. The firm reported a first-quarter BTC yield of 95.6% and a 47.8% yield so far in the second quarter, measuring the percentage change in Bitcoin holdings per fully diluted share.
In recent months, Metaplanet has accelerated its Bitcoin accumulation strategy, acquiring 2,800 BTC in May alone. The company made four purchases totaling 794 BTC in April and six purchases totaling 1,655 BTC in March.
Metaplanet is approaching the Bitcoin holdings of Galaxy Digital Holdings, which currently possesses 8,100 BTC. If Metaplanet acquires an additional 301 BTC, it would surpass Galaxy Digital to become the ninth-largest public holder of Bitcoin.
Meanwhile, MicroStrategy remains the leading corporate Bitcoin holder, with 568,840 BTC valued at approximately $59 billion. CEO Michael Saylor recently hinted at another potential purchase, posting a screenshot of the firm’s Bitcoin portfolio tracker on social media with the caption, “Never short a man who buys orange ink by the barrel.”
According to research by BTC investment firm River, corporations and businesses have been the largest net buyers of Bitcoin so far this year, outpacing exchange-traded funds, governments, and retail investors.
