Tokyo-listed Metaplanet Inc. has slipped past Tesla in the public company Bitcoin League table after revealing a new purchase of 1,234 BTC which lifts its Treasury to 12,345 BTC. The move is stated in an archiving of June 26, 2025, where the company “announces the acquisition of additional BTC as part of its ongoing bitcoin -tax operation”, and adds that the latest Tranche was acquired to an average of 15.62 million ¥ per coin for an aggregate $ 19.27 billion. Publication sets the group’s cumulative cost base of $ 175.68 billion, or approximately $ 1.11 billion at current exchange rates.
The meta plane exceeds Tesla in bitcoin ranking
With the help of bitcointreasuries.Net’s spot price of about $ 107,400, the Metaplanet stack is now valued close to $ 1.33 billion and casts the company to seventh place on the site’s real -time ranking of listed holders. In front of Sit Cleanspark (12 502 BTC), Galaxy Digital (12 830 BTC), Riot platforms (19 225 BTC), XXI (37,230 BTC), Marath Digital (49,678 BTC) and Sector’s runaway Leader Micro strategy (592 345 BTC). Tesla, whose most recently reported balance is at 11,509 BTC, falls to eighth.
The accumulation curve of the meta plane has been steep. Treasury held 398 BTC on September 30, 2024, 1,762 BTC at the end of the year, 4,046 BTC on March 31, 2025 and 10,000 BTC in mid -June; Yesterday’s purchase drives the figure even higher. Of crucial importance, the company has outlined much more ambitious horizons: in the latest investor material it repeated one “goal to accumulate Up to 210,000 BTC – around one percent of the maximum supply – at the end of 2027, which means the need to add more than 200,000 BTC in the next 30 months.
Financing remains aggressive. Since January, the company has issued a rolling series of zero coupon yen and dollar-denominated bonds as well as 0 %-Rount “Moving-Strike” options that repeatedly redeem each Tranche early with revenue from the next. This rotating door structure, called “210 million planes”, has already recycled more than 35 billion ¥ to Tot Bitcoin while limiting interest costs.
The management highlights a state metric it calls “BTC return”, defined as the percentage change in BTC per full diluted proportion of outstanding; In the quarter, the return has reached 112.2 percent. “By isolating the effects of dilution, BTC reinforces the net bitcoin relief that is purely purely the company’s bitcoin treasury business,” the latest document States.
In the meantime, Tesla has not bought Bitcoin since February 2021. Tesla’s balance has been frozen since the liquidated approximately 75% of its first position of $ 1.5 billion during the second quarter of 2022.
For the meta plane, bypass Tesla is more than a symbolic milestone. At 12,345 BTC, the company now has just over 0.058 percent of Bitcoin’s supply of 21 million coin-fractionally before Tesla’s 0.054 percent-and is the first Asia-based issuer to break into the best seven.
At press time, BTC traded to $ 107 180.
Featured image created with Dall.e, chart from tradingview.com
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