Metaplanet Surpasses MARA Holdings to Become Third-Largest Corporate Bitcoin Holder
Bitcoin Magazine
Metaplanet has become the third-largest corporate Bitcoin holder after acquiring 5,075 BTC, surpassing MARA Holdings' current treasury.Summary
Tokyo-listed Metaplanet has ascended to the third-largest publicly traded Bitcoin holder, reaching a total of 40,177 BTC. This milestone follows a first-quarter acquisition of 5,075 BTC, allowing the firm to surpass MARA Holdings, which recently reduced its holdings to 38,689 BTC to manage debt. Despite holding Bitcoin as a long-term hedge against yen depreciation, Metaplanet currently faces an unrealized loss due to a high average cost basis. The company continues to fund its aggressive accumulation strategy through equity issuance and income-generating options strategies, with a long-term goal of holding 210,000 BTC by 2027.
(Source：Bitcoin Magazine)