Metaplanet Amasses 11,111 BTC in Treasury – On Track to Surpass Tesla’s Bitcoin Holdings
Tokyo’s Metaplanet just upped its Bitcoin game—big time. With its latest purchase, the firm now holds a staggering 11,111 BTC in its treasury. That’s right: eleven thousand, one hundred and eleven. No rounding, no fluff—just a number that feels like it’s straight out of a crypto maximalist’s dream.
Elon’s Tesla might want to check its rearview mirror. At this rate, Metaplanet could overtake Tesla’s Bitcoin stack before Wall Street finishes its next round of ‘diversification’ PowerPoints. Because nothing says ‘hedge against inflation’ like out-hoarding the guy who sent a car to space.
Finance traditionalists are clutching their pearls. Meanwhile, Metaplanet’s balance sheet is basically screaming ‘laser eyes’ in corporate-speak. Who needs bonds when you’ve got a digital gold vault growing faster than a DeFi yield farm in 2021?
Japan’s Metaplanet announced its latest acquisition of 1,111 BTC on Monday, worth $118 million. The flagship crypto slumped last week in response to escalating geopolitical fears.
The cost of Metaplanet’s latest Bitcoin haul averaged $106,408 per coin. Bitcoin plummeted from around $108,000 on June 16 to under the $100,000 mark on Sunday after the United States bombed multiple nuclear sites in Iran.
Metaplanet Races Toward Its Ambitious 100,000 BTC Goal For 2026
Metaplanet’s latest purchase has boosted the company’s total holdings to 11,111 BTC, bought for $1.07 billion at an average price of $95,869 per Bitcoin.
According to BitcoinTreasuries, this stockpile positions Metaplanet as the world’s eighth-largest corporate holder of bitcoin after surpassing Bitcoin miner Hut 8’s treasury of 10,273 BTC. Metaplanet’s BTC stash is now within striking distance of Tesla’s current Bitcoin stash of 11,509 BTC — just 398 BTC more than Metaplanet. Given its accumulation track record, Metaplanet may surpass Tesla’s haul before the end of the month.
The company has modelled its approach in Michael Saylor’s Strategy, positioning itself as a publicly traded proxy for Bitcoin exposure in Asia.
Earlier this month, Metaplanet revised its earlier target to set a new goal. The Bitcoin-buying firm is now 11% away from its target to amass 100,000 BTC by the end of 2026. Moreover, it’s approximately 36% toward its nearer-term goal of 30,000 BTC by year-end. Metaplanet, which rebranded in 2024 from a hotel and technology firm to a committed Bitcoin treasury, hopes to accumulate 210,000 BTC, or roughly 1% of the crypto’s 21 million supply, by 2027.
To reach 100,000 Bitcoin, Metaplanet will need to acquire roughly 89,000 additional coins over the next 18 months.
Despite the Bitcoin accumulation spree, Metaplanet is reportedly among the most shorted stocks in Japan. Analysts at 10x Research said in May that the company’s valuation implied a BTC price of over $596,000 — more than five times current levels.
“Apparently, Metaplanet is the most-shorted stock in Japan,” CEO Simon Gerovich said in apparent response to the claims. “Do they really think betting against Bitcoin is a winning strategy?”
