Metaplanet’s Bitcoin Holdings Outpace El Salvador’s, Becoming Asia’s Leading Corporate Reserve

Metaplanet Inc., a Japanese investment firm led by CEO Simon Gerovich, has surpassed El Salvador in Bitcoin holdings, accumulating 6,796 BTC worth over $700 million. This move makes Metaplanet the leading Asian corporation in cryptocurrency reserves and puts it on par with nation-states in its Bitcoin accumulation strategy. Gerovich’s firm began purchasing Bitcoin aggressively in April 2024, recently adding a further 1,241 BTC through bonds. Market dynamics have responded to this significant action by impacting Bitcoin’s perceived value and how corporations are integrating the asset into their financial strategies.