Japanese investment firm Metaplanet has made its second-largest Bitcoin purchase to date as BTC approaches its all-time high. In an announcement on May 19, the company revealed that it had purchased 1,004 Bitcoins. This transaction, which cost approximately 15.2 billion yen ($104.6 million), brings Metaplanet’s total Bitcoin holdings to 7,800 BTC. The current market value of this amount exceeds $800 million.
Institutional BTC Race Heats Up
Metaplanet’s latest acquisition ranks second only to its record 1,241 BTC purchase on May 12. With these large-scale moves within just two weeks, the company’s Bitcoin portfolio has now surpassed that of El Salvador. According to data, Metaplanet is the publicly listed company with the most Bitcoin in Asia and ranks tenth globally.
The company’s financial performance also supports this aggressive strategy. Metaplanet reported a 95.6% return on BTC positions in Q1, and a 47.8% return so far in Q2.
Target: Surpassing Galaxy Digital
The company aims to surpass Galaxy Digital Holdings, which owns 8,100 Bitcoins, by acquiring 301 more BTC. If successful, Metaplanet would rise to ninth place among public companies with the most Bitcoin. However, MicroStrategy, led by Michael Saylor, remains the clear leader in this space, holding approximately 568,840 BTC — a portfolio worth over $59 billion.
Monthly Accumulation Strategy: 2,800 BTC in May Alone
Metaplanet has been following an aggressive accumulation strategy in recent months. The company added 2,800 BTC in May alone. In April, it purchased 794 BTC across four transactions, while in March, it acquired 1,655 BTC through six different buys. This consistent approach demonstrates the company’s strong long-term confidence in digital assets.
New Buying Signal from MicroStrategy
Meanwhile, MicroStrategy founder Michael Saylor also hinted at a new purchase. In a post on the X platform, Saylor shared a screenshot of his portfolio tracking screen with the caption:"Never short a man who buys orange ink by the barrel."
According to data from crypto investment firm River, MicroStrategy has become the fastest-growing corporate Bitcoin holder as of 2024. While institutional purchases have become the largest source of BTC demand this year, ETFs, governments, and retail investors have followed behind.
Summary:
- Metaplanet has increased its total BTC portfolio to 7,800 with a new purchase of 1,004 Bitcoins.
- The company acquired 2,800 BTC in May alone.
- It is the largest Bitcoin holder in Asia among public companies and ranks 10th globally.
- With an additional 301 BTC, it aims to surpass Galaxy Digital and rise to ninth place.
- MicroStrategy remains the institutional leader with 568,840 BTC.
- Institutional investors accounted for 77% of Bitcoin demand in 2024.
