Metaplanet Increases Bitcoin Reserves, Approaching Tesla

The Japanese corporation Metaplanet has purchased an additional 1,111 bitcoins, bringing its total reserves to 11,111 BTC. The company is now almost on par with Tesla, which holds 11,509 BTC, narrowing the gap to 398 coins. This purchase strengthens Metaplanet's position as one of the largest corporate holders of bitcoin.

Aggressive Accumulation Strategy

Metaplanet announced the new deal on Monday, spending 17.26 billion yen (approximately $117 million) to acquire 1,111 BTC at an average price of about $105,500 per coin. According to regulatory documentation, the average cost of bitcoins in the company's portfolio is $95,560, which remains advantageous given the current market downturn.

This purchase continues a series of active acquisitions. The previous week, Metaplanet increased its reserves by 1,112 BTC, reaching the milestone of 10,000 coins. Such a pace suggests that the company might surpass Tesla in the coming weeks if it maintains its current strategy.

Position in Corporate Ranking

Metaplanet ranks seventh among public companies in terms of bitcoin reserves, according to Bitbo data. MicroStrategy remains the leader, followed by other major players, including Tesla. As per BitcoinTreasuries.net, the total corporate reserves of bitcoin exceed 832,000 BTC, accounting for approximately 3.96% of the total supply of 21 million coins.

The growing interest of corporations in bitcoin is confirmed by recent actions of other players. For example, Nakamoto Holdings raised $51.5 million to purchase bitcoins, and Parataxis Holdings launched a platform for corporate reserves in the South Korean market. No less than 240 public companies around the world already hold bitcoin in their assets.

Market Significance

Metaplanet's strategy reflects a global trend: large corporations view bitcoin as a means of capital protection against inflation and fiat currency volatility. Despite the current market correction, such purchases indicate long-term confidence in the potential of the first cryptocurrency.

Analysts note that the competition between Metaplanet and Tesla might encourage other companies to increase their reserves, intensifying institutional bitcoin adoption. If Metaplanet continues its current course, it will not only surpass Tesla but also strengthen its position as a leader in the Asian market in this area.