On May 12, Simon Gerovich, CEO of Japanese listed company Metaplanet, posted on social media that after today's increase of 1,241 bitcoins, Metaplanet's total bitcoin holdings have increased to 6,796, which exceeds El Salvador's holdings (6,714 bitcoins). The CEO of Metaplanet, a former head of Goldman Sachs' equity derivatives division, has been running Metaplanet (formerly Red Planet Japan Inc.) as a hotel developer since 2013. However, the pandemic slowed the economy, forcing the company to close most of its hotels to just one operation. UTXO Management invested in a stake when the market value fell to around $15 million, leading the company to adopt a bitcoin strategy. Since then, Metaplanet's shareholder count has grown to nearly 50,000, its market value has soared to $2 billion, making it the best-performing stock among companies with a global market value of more than $250 million in 2024, and it recently announced the largest-ever public equity financing in Asia, with plans to raise $750 million to buy bitcoin.