In a move that’s caught the crypto world’s attention, Japan’s Metaplanet Inc. has officially leapfrogged Tesla on the list of top public companies holding Bitcoin.
With a fresh buy of 1,234 BTC, Metaplanet’s digital asset war chest now stands at a symbolic 12,345 BTC — edging past Tesla’s 11,509 BTC stash.
A Strategic and Steady Bitcoin Buying Spree
This latest purchase was revealed in a filing dated June 26, 2025, where the Tokyo-listed firm announced it had bought the new coins at an average price of ¥15.62 million each, totaling around ¥19.27 billion (roughly $120 million).
Altogether, Metaplanet has spent ¥175.68 billion (about $1.11 billion) on its Bitcoin reserves.
According to BitcoinTreasuries.net, Metaplanet’s BTC is now worth close to $1.33 billion at the current market price of $107,400 per coin, pushing it into 7th place globally among public companies.
Tesla Drops in Ranking as Metaplanet Climbs
That means Tesla has officially slipped to eighth place, having kept its Bitcoin balance unchanged since early 2021.
It last sold a big chunk—about 75% of its holdings—in mid-2022 and has remained quiet on the Bitcoin front ever since.
Metaplanet, however, is moving fast. Just nine months ago, in September 2024, it held fewer than 400 BTC.
By the end of that year, it had hit 1,762, then jumped to over 10,000 BTC by mid-June 2025.
The growth has been nothing short of aggressive.
Eyeing a Massive 210,000 BTC Goal by 2027
Even more ambitious? The company says it’s aiming to accumulate 210,000 BTC by the end of 2027—which would be about 1% of Bitcoin’s maximum supply.
That’s a bold goal, especially considering it would mean acquiring nearly 200,000 more coins in just two and a half years.
How They’re Funding It All
To fund this wild ride, Metaplanet has been issuing zero-coupon bonds and other creative financial instruments, like 0%-discount “moving-strike” warrants.
It’s basically rolling over each round of fundraising to keep buying more Bitcoin while keeping interest payments low.
This financing method—dubbed the “210 Million Plan”—has already channeled more than ¥35 billion into Bitcoin buys in 2025 alone.
A Unique Way to Measure Performance
The company isn’t just tracking dollar gains either.
Metaplanet introduced a new metric they call “BTC Yield”, which measures how much Bitcoin the company accumulates per share.
In the current quarter, they say the BTC Yield has soared over 112%, pointing to fast growth even after accounting for stock dilution.
Metaplanet Becomes Asia’s Top Bitcoin Public Holder
Beyond just passing Tesla, this milestone is historic in another way — Metaplanet is now the highest-ranking Asia-based company on the global Bitcoin leaderboard.
Its 12,345 BTC equates to about 0.058% of the total 21 million BTC supply, just slightly more than Tesla’s 0.054%.
Bitcoin Price Stays Volatile
At the time of the announcement, Bitcoin was trading around $107,180.
The market remains volatile, but with firms like Metaplanet continuing to double down, long-term institutional interest in Bitcoin is clearly alive and well.