Japanese investment firm Metaplanet is at it again, and this time it’s bigger than ever. The company has just gobbled up an additional $126.7 million worth of Bitcoin, bringing its total holdings to a level that now surpasses even El Salvador’s. Talk about setting the bar high!

On Monday, Metaplanet revealed it had bought 1,241 BTC for around $126.7 million, with an average price tag of $102,119 per bitcoin. At this pace, it's no surprise that Metaplanet has quickly emerged as a powerhouse in the crypto world.

Metaplanet now holds a total of 6,796 BTC, which were acquired for a cool $608.2 million, averaging $89,492 per coin.

With current market values, their stash is worth about $706.7 million and counting. CEO Simon Gerovich took to X to announce the milestone and couldn’t resist a cheeky boast:

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

As it stands, El Salvador, the nation that made headlines in 2021 for adopting Bitcoin as legal tender, holds 6,174 BTC, according to its Bitcoin Office. Looks like Metaplanet’s crypto ambitions are quickly outpacing some of the world’s most famous Bitcoin-friendly countries.

Metaplanet's Strategy and Ambition - 10,000 BTC by 2025

The Tokyo-listed firm kicked off its Bitcoin buying spree back in April 2024 as part of a broader crypto strategy. Ever since, Metaplanet has steadily increased its holdings, with a target of reaching 10,000 BTC by the end of 2025. They’re already past the halfway mark, and there's no sign of slowing down.

To fund these purchases, Metaplanet has turned to bond issuances, with the latest sale bringing in $21.25 million. This marks their 14th bond issuance to date, showing they have a solid strategy to keep this digital gold rush going.

Asia’s Bitcoin King and a Global Player

As of now, Metaplanet is the largest publicly listed corporate Bitcoin holder in Asia and ranks 11th globally, according to data from Bitcointreasuries.net. Of course, Michael Saylor’s company, Strategy, remains in the lead with a whopping 555,450 BTC, but Metaplanet is making waves.

And just to top it off, Metaplanet’s shares saw a 3.82% jump on Monday in Japan, as markets remained open and investors continued to take note of its growing influence in the world of crypto.

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