{"id":33946,"date":"2025-06-26T23:01:40","date_gmt":"2025-06-26T23:01:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33946"},"modified":"2025-06-26T23:01:40","modified_gmt":"2025-06-26T23:01:40","slug":"metaplanet-dethrones-tesla-as-7th-largest-bitcoin-powerhouse","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33946","title":{"rendered":"Metaplanet Dethrones Tesla As 7th-Largest Bitcoin Powerhouse"},"content":{"rendered":"
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Tokyo-listed Metaplanet Inc. has slipped past Tesla in the public-company Bitcoin league table after revealing a fresh purchase of 1,234 BTC that lifts its treasury to 12,345 BTC. The move is set out in a filing dated 26 June 2025, in which the company \u201cannounces the acquisition of additional BTC as part of its ongoing Bitcoin Treasury Operations,\u201d adding that the latest tranche was acquired at an average \u00a515.62 million per coin for an aggregate \u00a519.27 billion outlay. The disclosure places the group\u2019s cumulative cost basis at \u00a5175.68 billion, or roughly $1.11 billion at current exchange rates.<\/p>\n

Metaplanet Surpasses Tesla In Bitcoin Ranking<\/h2>\n

Using BitcoinTreasuries.net\u2019s spot price of about $107,400, Metaplanet\u2019s stack is now valued near $1.33 billion, slotting the company into seventh place on the site\u2019s real-time ranking of publicly traded holders. Ahead of it sit CleanSpark (12,502 BTC), Galaxy Digital (12,830 BTC), Riot Platforms (19,225 BTC), XXI (37,230 BTC), Marathon Digital (49,678 BTC) and the sector\u2019s runaway leader MicroStrategy<\/a> (592,345 BTC). Tesla, whose last reported balance stands at 11,509 BTC, falls to eighth.<\/p>\n

\"Top<\/p>\n

Metaplanet\u2019s accumulation curve has been steep. The treasury held 398 BTC on 30 September 2024, 1,762 BTC at year-end, 4,046 BTC on 31 March 2025 and 10,000 BTC by mid-June; yesterday\u2019s purchase pushes the figure still higher. Crucially, the company has sketched far more ambitious horizons: in recent investor materials it reiterated an \u201cobjective to accumulate<\/a> up to 210,000 BTC\u2014around one per cent of the maximum supply\u2014by the end of 2027,\u201d implying the need to add more than 200,000 BTC over the next 30 months.<\/p>\n

Financing remains aggressive. Since January the firm has issued a rolling series of zero-coupon yen- and dollar-denominated bonds as well as 0 %-discount \u201cmoving-strike\u201d warrants, repeatedly redeeming each tranche early with proceeds from the next. This revolving-door structure, dubbed the \u201c210 Million Plan,\u201d has already recycled more than \u00a535 billion into spot Bitcoin while limiting interest expense.<\/p>\n

Management highlights a treasury metric it calls \u201cBTC Yield,\u201d defined as the percentage change in BTC per fully diluted share outstanding; on a quarter-to-date basis the yield has reached 112.2 percent. \u201cBy isolating the impact of dilution, BTC Gain highlights the net Bitcoin accretion driven purely by the Company\u2019s Bitcoin Treasury Operations,\u201d the latest document<\/a> states.<\/p>\n

Tesla, meanwhile, has not bought Bitcoin since February 2021. Tesla\u2019s balance<\/a> has been frozen since it liquidated roughly 75% of its initial $1.5 billion position in the second quarter of 2022.<\/p>\n

For Metaplanet, overtaking Tesla is more than a symbolic milestone. At 12,345 BTC the company now holds a little over 0.058 percent of Bitcoin\u2019s 21 million-coin supply\u2014fractionally ahead of Tesla\u2019s 0.054 percent\u2014and is the first Asia-based issuer to break into the top seven.<\/p>\n

At press time, BTC traded at $107,180.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Tokyo-listed Metaplanet Inc. has slipped past Tesla in the public-company Bitcoin league table after revealing a fresh purchase of 1,234 BTC that lifts its treasury to 12,345 BTC. The move is set out in a filing dated 26 June 2025, in which the company \u201cannounces the acquisition of additional BTC as part of its ongoing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-33946","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33946"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33946\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}