Metaplanet Inc., a Tokyo-listed company, has surpassed Tesla in the public-company Bitcoin rankings by acquiring 1,234 BTC, bringing its total Bitcoin holdings to 12,345 BTC.
Metaplanet's latest purchase cost an aggregate of ¥19.27 billion, with a cumulative cost basis of roughly $1.11 billion.
With Bitcoin valued at around $107,400, Metaplanet's holdings are worth approximately $1.33 billion, positioning it as the seventh-largest publicly traded holder of Bitcoin.
Metaplanet aims to accumulate up to 210,000 BTC by the end of 2027 and has been aggressively financing its acquisitions through various bond issuances.