The race to become the biggest corporate Bitcoin whale is heating up as Metaplanet and Semler Scientific compete for the top spot . While Strategy still leads by far with 601,550 BTC, Metaplanet (13,350 BTC) and Semler Scientific (4,636 BTC) are catching up fast .
Metaplanet, a Japanese investment firm, now holds a total of 16,352 BTC . The company aims to accumulate 210,000 BTC by the end of 2027 . This is part of their new “555 Million Plan,” which replaces the earlier “21 Million Plan” . Metaplanet reported a BTC yield of 19.4% from July 1 to July 14, 2025 .
Semler Scientific, a medical technology company, recently increased its Bitcoin holdings, bringing its total to 4,846 BTC . The company purchased an additional 210 Bitcoin, increasing its total holdings . Semler Scientific aims to hold 105,000 BTC by 2027 . This latest purchase has pushed the company to 14th position on the list of publicly traded firms with the largest BTC treasuries .
Both companies are using public equity to fund their moves, but their styles differ . Metaplanet's BTC yield is 416%, while Semler's is 29% . This means that Metaplanet is issuing fewer shares per BTC acquired . Semler's slower pace reduces dilution risk, which some investors prefer .
However, the company's share price has not responded positively to the aggressive crypto move . Semler Scientific's share price is down 22% year-to-date . A crypto analyst stated that the lackluster price performance of Semler Scientific shows that simply pivoting to a Bitcoin strategy isn't a panacea for all business troubles .
Metaplanet and Semler Scientific are following similar strategies to Strategy, the first publicly traded company to bet on a Bitcoin corporate reserve . However, Strategy's success has not been replicated by all companies .