Metaplanet has overtaken Tesla to become the fifth-largest corporate Bitcoin holder. This bold move by the Japanese public-listed company has shaken the corporate crypto landscape by overtaking Elon Musk’s tech giant. The firm purchased a total of 1,234 BTC this week alone and spent approximately $132.7 million on the latest round of BTC acquisition. The average price per Bitcoin came down to $107,557.

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Metaplanet Overtakes Tesla in Bitcoin Holdings

Metaplanet made the latest acquisition just a day after it announced a $5 billion fundraise for its U.S. subsidiary for its “555 Million Plan.” This strategy reflects the Japanese company’s commitment to making BTC a core treasury asset and positioning it along with the top crypto-forward corporations such as Coinbase and MicroStrategy.

According to the data shared by company CEO Simon Gerovich, Metaplanet now has a total of 12,345 BTC. This staggering number of the premier cryptocurrency was acquired with a cumulative investment of $1.2 billion, bringing the average per BTC down to $97,036. The year-to-date Bitcoin yield of the company has surged by 315%, which makes it one of the best-performing treasury strategies of 2025.

This move also propels Metaplanet past other major BTC-holding companies, including Coinbase, Block Inc., Hut 8, and most notably, Tesla. The firm previously ranked 10th in corporate Bitcoin holdings just two weeks ago.

Important Reads: Japan’s Metaplanet Surpasses $1 Billion in Bitcoin Holdings

The announcement also appears to have stabilized Metaplanet’s stock, which had dropped nearly 25% from its all-time high of 1,900 JPY last week. Following the news of the BTC purchase, the stock is now trading at around 1,560 JPY, with some investors labeling the downturn as a “buy-the-dip” moment.

Metaplanet has been leading a new wave of institutional interest in Bitcoin, especially amid global market uncertainties such as the ongoing Iran-Israel tensions. The recent crypto volatility hasn’t deterred firms like Metaplanet, MicroStrategy, and Semler Scientific, who have collectively added over 13,000 BTC in the past ten days.

In parallel, ProCap BTC, backed by investor Anthony Pompliano, recently raised $1 billion, securing 4,932 BTC over just two days, signaling growing momentum in corporate Bitcoin adoption. With trading volumes now touching $850 million daily, CEO Gerovich emphasized that liquidity and momentum are “the lifeblood of a Bitcoin Treasury firm.” As traditional finance and digital assets continue to converge, Metaplanet’s aggressive BTC strategy may well set a precedent for global corporate treasuries moving forward.