Japanese public-listed firm Metaplanet (MTPLF) has recently overtaken Elon Musk’s Tesla Holdings by purchasing another 1234 Bitcoins from the open market. As a result, it has climbed from the tenth spot two weeks back to the seventh position, overtaking giants like Coinbase, Block Inc., Bitcoin miner Hut 8, and now Tesla. This aggressive BTC purchase comes a day after the firm announced a $5 billion fundraise for the US Subsidiary.
Metaplanet Accelerates Bitcoin Purchases
A day after kickstarting its “555 Million Plan“, the Japanese public-listed firm quickly announced a major 1234 BTC purchase, for an aggregate investment of $132.7 million, at a BTC price value of ~$107,557. The company has been on a massive buying spree this year, in 2025, while expanding its Bitcoin holdings by nearly 10-fold since the start of January.
Metaplanet CEO Simon Gerovich stated that this latest purchase pushes the company’s total Bitcoin holdings to 12,345 BTC, acquired at a cumulative cost of approximately $1.20 billion, averaging $97,036 per Bitcoin.
As of June 26, 2025, Metaplanet has achieved a remarkable Bitcoin yield of 315% year-to-date (YTD) in 2025, while putting major focus on Treasury growth. Today’s purchase comes within two days of the company announcing a $5 billion fundraise for its US subsidiary, to boost its “555 Million Plan”.
Recent BTC Purchase Arrests Further Stock Fall
With the Metaplanet stock crashing nearly 25% from its all-time high og 1,900 JPY last week, today’s BTC purchase has prevented any further fall. Currently, the stock price is settling at 1,560 levels, with some investors also calling it a buy-the-dip opportunity.
Interestingly, the Japanese firm ranks second to MicroStrategy, with MTPLF generating a daily trading volume of nearly $850 million. Simon Gerovich said that trading volume is the “lifeblood” of a Bitcoin Treasury firm.
Trading volume is the lifeblood of a Bitcoin Treasury Company. It turns energy into capital, excitement into scale, momentum into acceleration. pic.twitter.com/TVtcXjBndy
— Simon Gerovich (@gerovich) June 25, 2025
This is the second big purchase from the Japanese firm, after buying 1,111 BTC earlier this year, as the firm remains confident despite the crypto market volatility caused by the Iran-Israel conflict.
Furthermore, the firm has also triggered a massive race for Bitcoin buying, cementing BTC’s role as a hedge to global uncertainty. Over the past ten days, Michael Saylor’s Strategy (MSTR), Semler Scientific, and Metaplanet collectively acquired over 13,000 Bitcoins. Similarly, with the $1 billion fundraise, Anthony Pompliano’s ProCap BTC has acquired 4,932 BTC in the last two days.
Bhushan Akolkar
Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.
He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
✓ Share: