Japanese Investment Firm Inches Closer to Galaxy Digital in Corporate Bitcoin Rankings
Metaplanet, a Japan-based investment firm, has completed its second-largest Bitcoin purchase to date, adding 1,004 BTC to its balance sheet as the cryptocurrency hovers near its all-time high.
In a May 19 announcement, the firm confirmed it spent approximately 15.2 billion yen ($104.6 million) to make the acquisition, bringing its total holdings to 7,800 BTC, currently valued at more than $807 million.
The purchase follows a record buy on May 12, when Metaplanet acquired 1,241 BTC for $129 million, overtaking El Salvador’s national holdings and further cementing its position as Asia’s largest corporate Bitcoin holder.
Metaplanet Rapidly Climbing Global Rankings
According to BiTBO data, Metaplanet is now the 10th-largest public holder of Bitcoin worldwide. If the firm purchases just 301 more BTC, it will surpass Galaxy Digital Holdings, which currently holds 8,100 BTC.
Metaplanet’s aggressive accumulation this year includes:
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2,800 BTC in May alone
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794 BTC in April
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1,655 BTC in March
“We are executing on our conviction that Bitcoin is the soundest treasury asset in a global macro environment defined by uncertainty,” a Metaplanet spokesperson said in an earlier release.
The company also posted a first-quarter BTC yield of 95.6%, and a second-quarter yield of 47.8% so far — metrics that track the percentage change in Bitcoin holdings per fully diluted share.
Saylor Teases Another Strategy Buy
While Metaplanet continues its rapid rise, Michael Saylor’s Strategy (formerly MicroStrategy) remains the undisputed leader in the corporate Bitcoin space with 568,840 BTC worth roughly $59 billion.
On May 19, Saylor posted a cryptic hint at another Bitcoin purchase on X, sharing a screenshot from Saylor Tracker, a tool that monitors the company’s BTC holdings.
“Never short a man who buys orange ink by the barrel,” he wrote.
According to data from River, Strategy accounts for 77% of corporate BTC holding growth in 2025, reinforcing its long-standing dominance.
Corporates Lead 2025 Bitcoin Accumulation
Metaplanet’s aggressive purchases reflect a larger trend. On May 12, River analysts reported that corporations are the largest net buyers of Bitcoin so far this year, surpassing ETFs, retail investors, and even government buyers.
This shift underscores growing institutional conviction in Bitcoin’s role as a long-term reserve asset, especially amid rising global economic uncertainty and persistent inflation concerns.
Final Thoughts: Corporate BTC Arms Race Heats Up
Metaplanet’s latest purchase signals its ambition to join the ranks of the world’s top Bitcoin-holding firms. With momentum on its side, the company is rapidly narrowing the gap with larger players like Galaxy Digital and Coinbase.
As corporate accumulation outpaces ETFs, Bitcoin’s supply is increasingly moving into long-term treasuries, fueling predictions of a potential supply shock and sustained upward price pressure in the months ahead.
