Compass Investments

– Amid growing public animosity between President Donald Trump and Elon Musk, shares of Tesla (Nasdaq: TSLA) fell more than 5% , dropping to just above $300 on July 1.

Tesla, one of the world’s largest electric car makers, is also one of the pioneering companies keeping bitcoin as one of the top reserve assets on its balance sheet.

Tesla owns 11,509 BTC worth over $1.2 billion, making it one of the largest public corporate holders of bitcoin.

However, Japanese company Metaplanet (TOKYO: 3350.T) outbid Tesla when it announced on June 26 that it had acquired 1,234 bitcoins, bringing its total holdings to 12,345 BTC.

Metaplanet is Japan’s largest corporate holder of bitcoin, having begun acquiring the digital currency in April 2024.

March 21, 2025, CEO Simon Gerowitz announced that Eric Trump, the president’s son, has joined the strategic board of advisors.

As of this writing, Metaplanet holds 13,350 BTC worth $1.41 billion, making it the fifth largest corporate holder of bitcoin in the world.

Tesla, meanwhile, ranks eighth on the list.

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MicroStrategy (Nasdaq: MSTR), now known as Strategy, continues to be the largest bitcoin storage company in the world. It holds 597,325 BTC worth $63.3 billion. Under Michael Saylor’s leadership, the company pioneered the use of bitcoin as a treasury asset and inspired a number of companies around the world, such as Tesla, Metaplanet and GameStop Corp. (NYSE: GME), to follow suit.