Simon Gerovich, CEO of the Japanese publicly traded company Metaplanet, announced that the company has acquired an additional 1,241 bitcoins, bringing its total holdings to 6,796 BTC. This surpasses El Salvador’s national holdings, which currently stand at 6,714 BTC.
MetaPlanet’s Bitcoin Holdings Strategy
Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started.
メタプラネットのビットコイン保有量がついにエルサルバドルを超えました。小さな一歩から始まり、今や国家に匹敵する規模へ。まだまだここからです。 pic.twitter.com/E18Td9tHfc
— Simon Gerovich (@gerovich) May 12, 2025
Gerovich, who previously led the stock derivatives division at Goldman Sachs, has been operating Metaplanet since 2013, originally as a hotel development company under the name Red Planet Japan Inc. But, the COVID-19 pandemic significantly slowed down the business, forcing the closure of most of its hotels and leaving only one operational.
Due to the steep decline in its market cap to around $15 million, UTXO Management made a strategic investment, leading Metaplanet to go for a Bitcoin-focused strategy. Since then, Metaplanet’s shareholder base has expanded to nearly 50,000 investors, and its market cap has risen to $2 billion, which makes it the best-performing stock globally in 2024 among companies with market capitalizations exceeding $250 million.
Metaplanet recently announced plans to raise $750 million through the largest-ever public equity financing in Asia, with the objective to use the funds to further expand its Bitcoin holdings. The company has been dubbed “Asia’s MicroStrategy” due to its proactive Bitcoin accumulation strategy.
Meanwhile, Strategy (formerly known as MicroStrategy) currently has 329,582 BTC (worth over $34.25 billion), which accounts for more than 2% of the total Bitcoin supply.
The company’s commitment to Bitcoin goes beyond its balance sheet, as the firm has even advocated a similar Bitcoin Strategy to several other businesses. At the Bitcoin for Corporations 2025 conference, Strategy Chairman Michael Saylor suggested that Microsoft should invest $75 billion in Bitcoin, arguing that such a move could create $4 trillion in value for the tech giant.
Bitcoin has seen a sharp price increase following news that the White House reached a trade agreement with China during high-level negotiations held in Geneva, Switzerland. Post this news, Bitcoin surged to $104,980 before experiencing a slight pullback.
As of now, Bitcoin is trading at $103,966.60, after a 0.17% dip in the past 24 hours. The crypto has surpassed Amazon and Google in market cap, currently ranking fifth among the top global companies and assets by market cap.
The total global cryptocurrency market cap stands at $3.46 trillion, showing a 1.9% increase in the last 24 hours. Daily trading volume across all cryptocurrencies is at $130 billion. Bitcoin’s dominance is currently 59.8%, while Ethereum’s stands at 8.78%. According to CoinGecko, there are now 17,035 cryptocurrencies being tracked worldwide.
