Metaplanet Surpasses El Salvador in Bitcoin Holdings

Japanese investment company Metaplanet has announced that it currently holds 6,796 Bitcoin, with a total value of approximately $707 million, surpassing the Bitcoin reserves of the state of El Salvador. According to a statement released on May 12, the Tokyo-listed firm recently purchased 1,241 Bitcoin at an average price of around $101,843 per coin, bringing the total investment to $129 million.

Metaplanet began its Bitcoin accumulation strategy in April 2024. The recent acquisition was made at the highest price the company has paid for the cryptocurrency so far.

According to data from the National Bitcoin Office, El Salvador currently holds 6,714 Bitcoin, worth about $642 million, ranking sixth among nation-state Bitcoin holders.

With this move, Metaplanet has strengthened its position as one of the largest institutional holders of Bitcoin, amid growing market interest in digital assets.