Metaplanet Surpasses Tesla as Fifth Largest Corporate Bitcoin Holder
Metaplanet, a Japanese hotel chain, has emerged as the fifth largest corporate holder of bitcoin, surpassing Tesla. The company acquired 1,234 BTC for $133 million at an average price of $107,877, bringing its total bitcoin holdings to 12,345 BTC with an average purchase price of $98,303.
- Metaplanet's strategy is similar to that of several global firms.
- Michael Saylor's Strategy remains the largest corporate holder with over 570,000 BTC.
- Metaplanet now exceeds Tesla's holdings of 11,509 BTC.
- It ranks behind major crypto firms like MARA, Riot, and Galaxy.