Metaplanet Surpasses El Salvador with $126M Bitcoin Purchase

Japanese investment powerhouse Metaplanet has ramped up its Bitcoin holdings with a fresh acquisition of 1,241 BTC for 18.4 billion yen (approximately $126 million), according to Monday's disclosure. This aggressive move brings their total Bitcoin treasure chest to 6,796 BTC—now exceeding the national reserves of El Salvador, which currently holds 6,174 BTC.

The Tokyo-listed firm made this purchase at an average price of about $102,119 per Bitcoin, marking their boldest acquisition since launching their Bitcoin Treasury Operations initiative in April 2024. At current market prices, Metaplanet's Bitcoin holdings are valued at over $706 million.

Metaplanet's internal performance metrics show impressive momentum, with their proprietary "BTC Yield" indicator—which measures Bitcoin accumulation per outstanding share—reaching 38% for Q2 thus far. This follows stunning results of 95.6% in Q1 2025 and a remarkable 309.8% in Q4 2024. The company uses this alongside "BTC Gain" and "BTC yen Gain" metrics to track shareholder value creation through non-dilutive Bitcoin growth.

Metaplanet vs. MicroStrategy: Bitcoin Titans Face Off

While Metaplanet is making waves with its Bitcoin strategy, it's still playing catch-up to the original corporate Bitcoin pioneer—MicroStrategy. Under the leadership of Michael Saylor, MicroStrategy has amassed a staggering 214,400 BTC as of their latest announcements, worth approximately $22 billion at current prices.

However, Metaplanet appears to be following MicroStrategy's high-conviction playbook with its ambitious target of reaching 10,000 BTC by the end of 2025. Both companies have embraced a similar philosophy of converting cash reserves into Bitcoin as a treasury strategy, believing in the cryptocurrency's long-term appreciation potential over traditional fiat currencies.

The key difference lies in scale and timeline—MicroStrategy began its Bitcoin journey in August 2020, giving it a considerable head start, while Metaplanet only launched its Bitcoin Treasury initiative in April 2024. Despite the later entry, Metaplanet's aggressive acquisition pace suggests they're determined to establish themselves as Asia's answer to MicroStrategy's Bitcoin dominance.

As corporations worldwide reassess their treasury strategies in response to monetary policy uncertainties, Metaplanet's approach represents one of the most committed institutional Bitcoin adoption cases outside the United States.