title: Metaplanet Inc. Steps Up Its Bitcoin Accumulation Again, Now Holds More BTC Than El Salvador

Japanese public company, Metaplanet Inc. (TYO:8883), has continued its strategy of accumulating Bitcoin in 2025. On Friday, May 12, the company disclosed that it had bought an additional 1241 bitcoins at an average price of about $102,119.

This latest purchase brings the company’s total bitcoin holdings to 6,796.

According to CEO Simon Gerovich, the company has now spent $608.2 million to gather its bitcoin stash. That means Metaplanet’s average cost per bitcoin stands at $89,492. As of now, the total value of their bitcoin stash is about $706.7 million, reflecting a 170% yield year-to-date.

According to BiTBO, Metaplanet has become the largest Bitcoin-holding company in Asia and ranks as the tenth largest globally.

Earlier this month, on May 7, the firm’s massive buy of 5,555 bitcoins was reported. In April, it had already acquired 18,586 bitcoins across four separate transactions. Back in March, it added 18,925 bitcoins through six deals. Each of those purchases outdid the previous one in size, showing an increasingly aggressive buying pattern.

Following the purchase announcement, Gerovich remarked, “Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started.”

According to BiTBO, Metaplanet has become the largest Bitcoin-holding company in Asia and ranks as the tenth largest globally.

Earlier this month, on May 7, the firm’s massive buy of 5,555 bitcoins was reported. In April, it had already acquired 18,586 bitcoins across four separate transactions. Back in March, it added 18,925 bitcoins through six deals. Each of those purchases outdid the previous one in size, showing an increasingly aggressive buying pattern.

Following the purchase announcement, Gerovich remarked, “Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started.”

According to BiTBO, Metaplanet has become the largest Bitcoin-holding company in Asia and ranks as the tenth largest globally.

Earlier this month, on May 7, the firm’s massive buy of 5,555 bitcoins was reported. In April, it had already acquired 18,586 bitcoins across four separate transactions. Back in March, it added 18,925 bitcoins through six deals. Each of those purchases outdid the previous one in size, showing an increasingly aggressive buying pattern.

Following the purchase announcement, Gerovich remarked, “Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-grades, we’re just getting started.”

Some market voices, including Adam Back, have gone so far as to suggest that Metaplanet’s strategy is even more effective than MicroStrategy’s.

While a screenshot shared by Michael Saylor on May 12 suggested that his firm, Strategy, might be preparing for another Bitcoin acquisition. The post read “Connect the dots,” alongside the Saylor Tracker chart.

Bitcoin Pushes Toward Price Discovery

Metaplanet’s approach to funding its bitcoin strategy relies heavily on issuing bonds. On May 9, the company announced its 14th ordinary bond offering. This one will raise another $21.25 million to fuel additional purchases of the cryptocurrency.

Its stock price on the Tokyo Stock Exchange has risen more than 170% year-to-date. As of Friday’s close, the stock was trading down 6.4%.

Bitcoin is currently testing the $104,000 mark again. It’s trading well above both the 20-day exponential moving average of $97,396 and the 50-day simple moving average of $92,542. That momentum has pushed it near the record levels seen in January.

Bitcoin is currently supported by an ascending trend line forming near the $103,500 level on the hourly chart. The MACD indicator is also showing strength in the bullish zone. Still, the Relative Strength Index is at 74, which suggests overbought conditions and raises the chance of a short-term pause or dip.

In an 11 May X post, Crypto analyst Rekt Capital noted that Bitcoin must close a week above $104,500 to kick off what he calls the “Price Discovery Uptrend 2.” That would be the next phase in Bitcoin’s climb and could trigger the Breakthrough Process.

If Bitcoin clears the resistance band between $