Metaplanet Surpasses Tesla After Massive Bitcoin Buy Worth Over $1.3B

Japanese investment firm Metaplanet has surpassed Tesla in corporate Bitcoin holdings following its latest major acquisition. The Tokyo-based company purchased an additional 1,234 Bitcoins, bringing its total stash to 12,345 BTC, valued at over $1.3 billion at current prices.

The acquisition formalizes Metaplanet’s position above Tesla and Canadian miner Hut 8 as the seventh-largest corporate Bitcoin owner. It is still the only Asian company to take the leading positions in the top ten, which is an excellent change in regional companies’ involvement in the cryptocurrency market.

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Metaplanet started diverting its initial focus to the hospitality business last April. Its original Bitcoin investment was in the order of $6.5 Million. Since then, it has gone on an acquisitive spree to buy Bitcoins in the form of bond sales and stock offerings as it establishes itself as a long-term believer in the asset.

Recently, the company developed a strategic plan to have 21,000 BTC by the end of 2026. Nevertheless, its roadmap has become much more ambitious. It currently targets accruing 210,000 BTC by the end of 2027. This would become one percent of the entire fixed supply of Bitcoins, an unusual achievement for any party.

Company Plans $5B Raise to Fund Next Bitcoin Targets

To meet these growing targets, Metaplanet intends to raise $5 billion in capital. Most of this funding will come through equity warrants issued by its U.S.-based subsidiary, giving it enhanced access to American capital markets. This issuance is already considered the largest of its kind for a Japanese firm.

Earlier this week, the company’s shares advanced tenfold, reflecting market optimism about its ambitious Bitcoin strategy and rapid expansion.

In its recent update, Metaplanet projects to reach the 100,000 BTC milestone by the end of 2026. This would speed up its ascendancy to become one of the biggest institutional Bitcoin holders in the world.

This newest acquisition has just put Metaplanet ahead of Tesla in terms of Bitcoin possession. The fast-paced and aggressive financing plan is changing the corporate world of crypto ownership.

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