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The Bitcoin holdings of the Japanese publicly listed company Metaplanet have surpassed those of El Salvador

2025.05.12 13:32:24

On May 12th: Simon Gerovich, who is the CEO of the publicly traded Japanese company Metaplanet, announced on social media today that after acquiring an additional 1,241 bitcoins, the total bitcoin holdings of Metaplanet have increased to 6,796 bitcoins, surpassing the holdings of El Salvador (which is 6,714 bitcoins). It is reported that the CEO of Metaplanet previously served as the head of the stock derivatives division at Goldman Sachs. Since 2013, he has been operating Metaplanet as a hotel developer (formerly Red Planet Japan Inc.). However, due to the economic slowdown caused by the pandemic, the company had to close most of its hotels, leaving only one operational. When the company's market capitalization dropped to around $15 million, UTXO Management made an investment, which led the company to adopt a bitcoin strategy. Since then, the number of shareholders of Metaplanet has grown to nearly 50,000 people, and its market capitalization has soared to $2 billion, making it the best-performing stock among companies with a market capitalization exceeding $250 million globally in 2024. The company recently announced the largest-ever public equity financing in Asia, planning to raise $750 million to purchase bitcoin.
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