Metaplanet now holds more Bitcoin than El Salvador 📈
Japanese investment powerhouse Metaplanet has overtaken El Salvador in Bitcoin holdings following a substantial $129 million acquisition. This move elevates Metaplanet's total reserves to 6,796 Bitcoins, valued at approximately $707 million. CEO Simon Gerovich hailed the milestone as they now surpass a nation-state.
Metaplanet acquired 1,241 Bitcoins at 14.8 million yen per coin, with their average purchase price being $91,000 per Bitcoin. The firm’s aggressive acquisition strategy commenced in April 2024, making it Asia’s largest Bitcoin holder and the tenth biggest globally.
Notably, Michael Saylor of Strategy hinted at a potential new purchase, maintaining interest in his firm’s Bitcoin portfolio.
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