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Metaplanet Inc. (OTC:MTPLF) has secured its position as the world’s sixth-largest public company Bitcoin (CRYPTO: BTC) treasury, holding 20,000 bitcoins according to BitcoinTreasuries data.
The Japanese firm trails behind MicroStrategy Inc. (NASDAQ:MSTR) with 632,457 bitcoins and MARA Holdings Inc. (NASDAQ:MARA) with 50,639 bitcoins.
On Monday, Metaplanet shareholders approved three critical proposals during an extraordinary meeting. The company increased authorized shares to 2.723 billion, established provisions for Class A and Class B shares, and enabled virtual-only shareholder meetings.
Eric Trump, co-founder of World Liberty Financial alongside President Donald Trump, has been actively promoting Metaplanet during his Asian ventures. Speaking at Bitcoin Asia in Hong Kong, Trump highlighted the company’s strategic position while discussing his work with the DeFi project and his American Bitcoin venture with Hut 8 Mining Corp (NASDAQ:HUT).
Metaplanet’s 20,000 bitcoin holdings place it ahead of major players, including Riot Platforms Inc. (NASDAQ:RIOT) with 19,239 bitcoins and Trump Media & Technology Group Corp. (NASDAQ:DJT) with 15,000 bitcoins.
Notable companies below Metaplanet include Tesla Inc. (NASDAQ:TSLA) with 11,509 bitcoins and Coinbase Global Inc. (NASDAQ:COIN) with 11,776 bitcoins.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock
