El Salvador is a country known for adopting the asset as part of its official reserves.
On May 12, Metaplanet announced that it had purchased 1,241 Bitcoin at a price of about ¥14.8 million per BTC, worth around $101,843. The total cost of the purchase was close to $129 million based on current prices.
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This latest purchase increased Metaplanet’s total Bitcoin holdings to 6,796. At present market value, worth around $707 million. The company began buying Bitcoin in April 2024 and has paid an average price of $91,000 per coin so far.
Following the announcement, CEO Simon Gerovich posted on X:
Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started.
Metaplanet has reported strong growth in a metric it calls “Bitcoin Yield”, which measures the change in Bitcoin holdings per share. The yield stands at 38% so far for this quarter, after hitting 95.6% in the first quarter of 2025.
El Salvador, which started buying Bitcoin in 2021, holds 6,714 BTC, 82 fewer than Metaplanet.
Meanwhile, David Bailey’s Bitcoin-focused company, Nakamoto, recently raised $300 million. What is the purpose of the funding? Read the full story.
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