The Bitcoin balance sheet battle is heating up.
Metaplanet, the Japanese public firm often referred to as “Asia’s MicroStrategy,” just made headlines with a fresh BTC buy that pushed its holdings past Tesla’s. That’s right—Metaplanet now owns more Bitcoin than Elon. They added 1,234 BTC, making it clear they’re playing for keeps.
Public companies now hold more than 820,000 BTC combined, over 4% of total supply. This isn’t just about speculation; it’s about preparing for a future where Bitcoin sits alongside fiat in corporate reserves. We’re watching a new corporate norm emerge: if you’re not holding Bitcoin, are you even managing risk?
This is a story of conviction, not convenience. And it’s just getting started.