On May 12, Simon Gerovich, CEO of Japanese-listed company Metaplanet, posted on social media that after increasing its holdings of 1,241 bitcoins today, Metaplanet's total bitcoin holdings have increased to 6,796, which exceeds El Salvador's holdings (holding 6,714 bitcoins). It is reported that Metaplanet's CEO was once the head of Goldman Sachs 'equity derivatives division. Since 2013, he has run Metaplanet (formerly Red Planet Japan Inc.) as a hotel developer. However, the epidemic caused the economy to slow down, and the company was forced to close most of its hotels, leaving only one to operate. When the market value once fell to about US$15 million, UTXO Management invested in shares, leading the company to adopt the Bitcoin strategy. Since then, Metaplanet's shareholder number has grown to nearly 50,000, and its market value has soared to US$2 billion, becoming the best-performing stock among companies with a market value of more than US$250 million in 2024. It recently announced the largest public equity financing in Asia's history, with plans to raise US$750 million to purchase Bitcoin.