Metaplanet Surpasses El Salvador in Bitcoin Holdings
Metaplanet's Bitcoin Acquisition Exceeds El Salvador's
Metaplanet, a Japanese strategy firm, has significantly increased its Bitcoin holdings, surpassing El Salvador's reserves. On May 12th, Metaplanet announced the purchase of an additional 1,241 BTC, bringing its total to 6,796 BTC—a value exceeding $700 million based on current market prices. This surpasses El Salvador's reported holdings of 6,174 BTC.
Metaplanet's Ambitious Bitcoin Plan
Metaplanet's rapid Bitcoin accumulation contrasts with El Salvador's earlier adoption in 2021. Metaplanet's aggressive strategy, employing debt and equity issuance, aims to accumulate 10,000 BTC by the end of 2025. With approximately 30% of its target remaining, Metaplanet is on track to achieve this goal.
This strategic Bitcoin acquisition isn't solely about accumulating cryptocurrency; it's a calculated move reflecting a broader strategy. Their success has already led to impressive returns for shareholders, significantly outperforming both MicroStrategy (MSTR) and Bitcoin itself. Metaplanet's share price surged 1,800% year-over-year and 58% year-to-date, compared to MicroStrategy's 238% and Bitcoin's 63% year-over-year gains.
Institutional Bitcoin Adoption
Metaplanet's success underscores the growing trend of institutional Bitcoin adoption. Many public firms are following suit, mirroring Metaplanet's strategy. Public companies alone have accumulated approximately 724,000 BTC ($75 billion), representing 3.4% of the total Bitcoin supply, according to Bitbo. This, combined with nation-state adoption, indicates a substantial 15% of the total Bitcoin supply (over 3 million BTC or $330 billion) is now held by institutions and governments. This institutional and governmental adoption has become a major driver of Bitcoin's price appreciation.
Codeum provides comprehensive blockchain security and development solutions, including smart contract audits, KYC verification, custom smart contract and DApp development, and tokenomics and security consultations. We partner with launchpads and crypto agencies to ensure secure and successful blockchain projects.