Japan's Metaplanet Has Officially Surpassed El Salvador in Bitcoin

Japan's Metaplanet has officially surpassed El Salvador in Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B

Japan-based investment firm Metaplanet has surpassed El Salvador in Bitcoin holdings after acquiring 1,241 BTC at an average price of $101,843. The purchase, valued at $129 million, is the largest single investment by the Tokyo-listed company to date.

Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started.

メタプラネットのビットコイン保有量がついにエルサルバドルを超えました。小さな一歩から始まり、今や国家に匹敵する規模へ。まだまだここからです。 pic.twitter.com/E18Td9tHfc

— Simon Gerovich (@gerovich) May 12, 2025

The company’s latest move brings its total BTC holdings to 6,796, valued at approximately $707 million at current prices. This surpasses El Salvador’s Bitcoin holdings, making Metaplanet the largest known Bitcoin holder among countries and institutions.

Since April 2024, Metaplanet has been executing an aggressive BTC accumulation strategy, boasting a 170% yield on Bitcoin and reporting a 38% Bitcoin Yield for Q2 so far. The firm’s purchase streak includes a massive $53 million buy on May 7, adding to its previous acquisitions in March and April.

The announcement comes amid reports of progress in trade negotiations between the U.S. and China. The White House has indicated “substantial progress” in the talks, while Treasury Secretary Scott Bessent promises further details today.

Risk-on assets like Bitcoin are usually affected by trade developments. In the past, BTC acted as a hedge during trade uncertainty. Following Donald Trump’s tariff announcement, Bitcoin remained resilient, rebounding from a sharp drop to $75,000 and closing April with a strong rally to nearly $95,000.

This performance outpaced both the S&P 500 and Nasdaq, especially after a rocky start to the year for the U.S. stock market.

Analysts are now keeping an eye on whether Bitcoin’s strength will continue or fade following a finalized deal. According to Jupiter Zheng from HashKey Capital, a conclusive trade deal could help to stabilize global markets and may also push more capital toward higher-returning alternatives like crypto.

BTC Price Outlook

Bitcoin is currently trading at around $103,990, showing no net gain in the past 24 hours. On the daily chart, the MACD is still in bullish territory, with the blue signal line comfortably above the orange line. While it indicates positive momentum, a slowdown is visible in the histogram.

BTC price chart with RSI and MACD | Source: TradingView

RSI has slightly dipped within overbought levels, hinting at potential exhaustion. If it continues to decline, we may see a short-term pullback. Traders could see immediate resistance lies at $105,200, and a sustained move above this level may lead the crypto to $110,000.

If Bitcoin drops to $102,700, it will trigger the liquidation of $1.45 billion in long positions.

$1.45 billion in long positions will be liquidated if #Bitcoin $BTC drops to $102,700! pic.twitter.com/ZHOSm03C2V

— Ali (@ali_charts) May 12, 2025

If the price manages to break above the psychological barrier of $105,000, it could pave the way for a rally towards the next resistance at $110,000. A further breakout above this level could propel Bitcoin to reach new all-time highs.