Metaplanet Inc., listed in Japan, has made historic strides by surpassing Tesla in Bitcoin holdings and demonstrating impressive stock growth.
Metaplanet Surpasses Tesla in Bitcoin Reserves
After acquiring 1,234 BTC, Metaplanet's total hits 12,345 BTC, thanks to investments totaling around 19.3 billion yen (approximately $133 million). This positions the company as the fifth-largest public holder of Bitcoin globally, overtaking Tesla, which holds 11,509 BTC.
Why the Bitcoin Strategy Was Successful
Founded in 1999, Metaplanet initially operated in traditional industries but quickly adapted to economic challenges. In 2024, the company adopted a Bitcoin-first treasury strategy, officially recognizing Bitcoin as a primary reserve asset. This strategic shift has led to stocks multiplying over 75 times.
First Profit Since 2017
After transitioning to a Bitcoin-centric asset model, Metaplanet reported its first operating profit in 2024, after seven years of losses. Revenues surged from 261 million yen in 2023 to 1,062 million in 2024, positively impacting financial performance and public market standing.
Metaplanet's shift to a Bitcoin accumulation strategy has not only transformed its financial profile but also significantly influenced the corporate sector in Asia. Future market positioning will depend on how well the company adapts to changing conditions.
