The post Metaplanet Bitcoin holdings hits 20K: will it surpass Strategy? appeared on BitcoinEthereumNews.com. Japanese Bitcoin firm Metplanet has invested another 6.48 billion Japanese yen (roughly $112 million) to fund its treasury, which brought its total holdings to 20,000 BTC. With the latest acquisition, the company is climbing the corporate treasury ladder, but will it be able to dethrone the Michael Saylor-led Strategy? Summary Metaplanet has acquired 1009 BTC against a $112 million investment. The company currently holds 20,000 BTC, making it the sixth-largest corporate holder. Metaplanet shares traded downwards after the latest disclosure. The Tokyo-headquartered company said on Monday that it had acquired 1009 BTC at an average price of roughly $111,094 per Bitcoin. Its total Bitcoin stash is now valued at over $2.14 billion, based on the latest BTC price of $107,360 as of press time. As of Sep. 1, Metaplanet ranks as the sixth-largest corporate Bitcoin holder globally, as it is expected to surpass Bitcoin mining company Riot Platforms Inc., which held a Bitcoin stash of 19,239 BTC according to data from BitcoinTreasuries. This recent purchase also brings it closer to its year-end target of holding at least 30,000 BTC in this treasury by the end of 2025. To be able to achieve that target, the company would need to pick up 2500 BTC on average over the next four months. Initially, the plan was to acquire 10,000 BTC within the same time frame, but the company had blown past its original goal months ahead of schedule. Within the next two years, the company would be chasing an even more ambitious target of holding 1% of Bitcoin’s total supply, which would constitute 210,000 BTC, by 2027. Even if that happens, Metaplanet would still be lagging behind Strategy, which holds a whopping 632,457 BTC as of Sep. 1. Metaplanet CEO Simon Gerovich has disclosed on multiple occasions that the company’s Bitcoin accumulation…