Metaplanet Surpasses Tesla in Bitcoin Holdings, Eyes 210,000 BTC Target

Metaplanet's aggressive Bitcoin accumulation has made it the third-largest publicly traded corporate holder of Bitcoin, with a treasury valued at approximately $2.6 billion.

The Tokyo-listed firm recently added 2,823 BTC in a single purchase worth $170 million at a price of $61,692 per coin.

The company's subsidiary, Bitcoin Japan, signed a financing agreement with EVO Fund for up to ¥9.66 billion, which will be used for broader private equity and operational expansion.

Metaplanet is building a Bitcoin-centric ecosystem through its 'Project Nova' initiative, which includes the creation of Metaplanet Asset Management Asia Limited in Hong Kong and the acquisition of Siiibo Securities for $13.1 million in cash.