The publicly traded company Metaplanet in Japan has surpassed El Salvador in Bitcoin holdings.

GateUser-6433627c · 2025-05-12T08:37:11+00:00

The Bitcoin holdings of the Japanese listed company Metaplanet have surpassed those of El Salvador, reaching 6,796 coins. CEO Simon Gerovich announced on social media that the company possesses more Bitcoins than the national reserves. After experiencing hotel closures due to the pandemic, Metaplanet accepted an investment from UTXO Management and shifted to a Bitcoin strategy, with its market capitalization rising to $2 billion and excellent stock performance. It plans to raise $750 million through public equity financing to purchase Bitcoin.

GateUser-6433627c

2025-05-12 08:37:11

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[Japan-listed company Metaplanet’s Bitcoin holdings have surpassed those of El Salvador] On May 12, news came that Simon Gerovich, CEO of Japan-listed company Metaplanet, posted on social media stating that after increasing their holdings by 1,241 Bitcoins today, Metaplanet’s total Bitcoin holdings have risen to 6,796, surpassing El Salvador’s holdings (which holds 6,714 Bitcoins). It is reported that the CEO of Metaplanet previously served as the head of the equity derivatives department at Goldman Sachs. Since 2013, he has been operating Metaplanet (formerly known as Red Planet Japan Inc.) as a hotel developer. However, the pandemic led to an economic slowdown, forcing the company to close most of its hotels, leaving only one operational. When the market value once dropped to around $15 million, UTXO Management invested in the company, leading it to adopt a Bitcoin strategy. Since then, the number of shareholders in Metaplanet has grown to nearly 50,000, and its market value has soared to $2 billion, making it the best-performing stock among companies with a market value exceeding $250 million in 2024. Recently, it announced the largest public equity financing in Asia’s history, planning to raise $750 million to purchase Bitcoin.

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