The publicly listed company Metaplanet in Japan has surpassed El Salvador in its Bitcoin holdings.

GateUser-6433627c · 2025-05-12T05:28:25+00:00

Metaplanet CEO Simon Gerovich announced on social media that the company's total Bitcoin Holdings have surpassed El Salvador, reaching 6,796 coins. The company has transformed from operating hotels to a Bitcoin strategy and has attracted investment from UTXO Management. The stock price has performed excellently, with a market capitalization of 2 billion dollars, and plans to raise 750 million dollars to purchase Bitcoin.

GateUser-6433627c

2025-05-12 05:28:25

Abstract generation in progress

On May 12, Simon Gerovich, CEO of Metaplanet, a Japanese listed company, posted on social media that after adding 1,241 BTC today, Metaplanet’s total Bitcoin holdings have increased to 6,796, surpassing El Salvador’s holdings (6,714 BTC). It is reported that the CEO of Metaplanet was the head of the equity derivatives department of Goldman Sachs. Since 2013, he has run Metaplanet (formerly Red Planet Japan Inc.) as a hotel developer. However, due to the economic slowdown caused by the pandemic, the company was forced to close most of its hotels, leaving only one operation, and at one point UTXO Management invested in a stake in the company’s Bitcoin strategy when its market capitalization fell to around $15 million. Since then, Metaplanet’s shareholder base has grown to nearly 50,000, its market capitalization soared to $2 billion, making it the best-performing stock among companies with a global market capitalization of more than $250 million in 2024, and recently announced the largest ever public equity funding round in Asia, with plans to raise $750 million for the purchase of Bitcoin.

BTC-0,12%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.