However, a Japanese company Metaplanet (TOKYO: 3350.T) beat Tesla at its own game when it announced the acquisition of 1,234 Bitcoin on June 26, bringing its total holdings to 12,345 BTC. Metaplanet is Japan’s largest corporate holder of Bitcoin that began acquiring the king coin in April 2024.

Tesla shares have taken a hit as the world's richest person and President Trump continue to exchange jabs over the spending bill.

Shares of electric vehicle maker Tesla, which is headed by Elon Musk, slumped Tuesday as the war of words between billionaire and President Donald Trump over the big bill of tax breaks and spending cuts heats up again,