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Metaplanet has surged ahead of Tesla to become the fifth largest corporate holder of bitcoin. The Tokyo-listed hotelier recently added 1,234 BTC to its reserves at a cost of $133 million. The average price per bitcoin was $107,877, pushing Metaplanet’s total holdings to 12,345 BTC.
This move reflects its commitment to a bitcoin reserve strategy. Companies across the world have followed this path pioneered by Michael Saylor’s Strategy. Metaplanet aims to strengthen its financial position as interest in bitcoin grows steadily.
With this latest acquisition, Metaplanet surpasses Tesla’s 11,509 BTC stash. Only major crypto-focused companies like MARA, Riot, Galaxy, and Strategy hold more bitcoin. The race to accumulate bitcoin intensifies as firms embrace its potential as a long-term store of value.
