Metaplanet Surpasses El Salvador in Bitcoin Hoard with $129 Million Top-Up

Tokyo-listed Metaplanet bought 1,241 BTC for US$129M on May 12, raising its total holdings to 6,796 BTC, surpassing El Salvador’s national reserve of 6,714 BTC.CEO Simon Gerovich celebrated the milestone, stating that it’s only the beginning. Despite Metaplanet’s rapid rise, Strategy remains far ahead, holding 568,840 BTC after adding another 13,390 BTC this month.Metaplanet isn’t just stacking sats, it’s now outranking countries. The Tokyo-listed investment firm announced on May 12 that it had purchased another 1,241 BTC for approximately US$129M (AU$202M), paying US$101,843 (AU$158.5K) per coin. The latest acquisition pushes its total Bitcoin holdings to 6,796 BTC, worth an estimated US$707M (AU$1.1B) at current prices, and officially places it ahead of El Salvador’s 6,714 BTC stash.CEO Simon Gerovich marked the milestone on X, declaring: Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started. Simon Gerovich, Metaplanet CEO Related: Arizona OKs Bitcoin & Digital Assets Reserve Fund as Texas Presses Ahead with Bitcoin Reserve PlanMetaplanet’s StrategyMetaplanet began its BTC accumulation strategy in April 2024, but has sharply accelerated its pace this year. The company bought 5,555 BTC on May 7 alone, after acquiring 18,586 BTC across four purchases in April and 18,925 BTC through six separate buys in March. Each purchase has been larger than the last.But Strategy, formerly MicroStrategy, hasn’t fallen behind, as the firm added recently another 13,390 BTC to its reserves, worth approximately US$1.34B (AU$2.10B) at the time of acquisition. The buy, announced by none other than the company’s Chairman, Michael Saylor, brings Strategy’s total holdings to a staggering 568,840 BTC—roughly 2.8% of the entire circulating supply.Saylor recently shared a chart from Saylor Tracker, possibly teasing another potential buy.Connect the Dots pic.twitter.com/T4Aj7yYKkr— Michael Saylor (@saylor) May 11, 2025The firm has maintained a consistent weekly buying schedule throughout 2025, ramping up its accumulation even as BTC hovers near six-figure territory; a momentum that’s been recently pushed back after the US and China reached a trade agreement.Related: Bill to Ban US Officials Spruiking Crypto Introduced by US Democratic SenatorsThe post Metaplanet Surpasses El Salvador in Bitcoin Hoard with $129 Million Top-Up appeared first on Crypto News Australia.