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Japan’s Metaplanet Climbs into Top 6 Bitcoin Holders

  • Tokyo-based firm Metaplanet has acquired a total of 13,350 Bitcoin, surpassing high-profile holders like Tesla and Galaxy Digital, aiming to control 1% of the entire Bitcoin supply by 2027.
  • Metaplanet has been aggressively buying Bitcoin, acquiring around 10,000 BTC in the past three months, with plans to own 210,000 BTC.
  • The firm issued bonds worth $208 million to fund its Bitcoin buying strategy and refinancing earlier debt, with CEO Simon Gerovich leading the strategic expansion.
  • Metaplanet's stock price surged over 10% to 1,633 JPY as investors take note of its crypto-heavy strategy, positioning the company as a central player in the digital asset ecosystem.

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