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

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.