Metaplanet Surpasses Coinbase With 10,000 BTC Holdings, Stock Jumps 17%

Metaplanet, a Japanese investment firm, has made a significant stride in the cryptocurrency market by acquiring an additional 1,112 Bitcoin, bringing its total holdings to 10,000 BTC. This acquisition surpasses Coinbase Global, which currently holds 9,267 BTC. The latest purchase, valued at $117.2 million with an average price of $105,435 per Bitcoin, was announced by CEO Simon Gerovich. This strategic move positions Metaplanet as a major player in the Bitcoin market, surpassing Coinbase in terms of Bitcoin holdings.

Metaplanet's aggressive accumulation of Bitcoin is part of a broader strategy to become a significant holder of the cryptocurrency. The company's board approved the issuance of $210 million in zero-interest bonds to EVO Fund, maturing on December 12, 2025. The funds raised from this bond issuance are scheduled to be allocated toward the purchase of more Bitcoin. Earlier this month, Metaplanet set a revised target to hold over 210,000 BTC by the end of 2027, aiming for 1% of the total Bitcoin supply. To achieve this ambitious goal, the company announced a $5.4 billion equity offering on June 6, intending to issue 555 million shares over two years for further Bitcoin acquisitions. On June 2, Metaplanet acquired another 1,088 BTC, pushing its holdings past 8,888 BTC at that time.

Metaplanet's aggressive accumulation of Bitcoin places it behind only MicroStrategy, led by Michael Saylor, which remains the largest public holder with 582,000 BTC. This move by Metaplanet signals a significant shift in the Bitcoin market, as the company's aggressive buying spree is just beginning. The company's stock surged over 17% following the news, trading at 1,769 yen as of 11:30 a.m. in Japan. The company’s stock has now climbed more than 408% since the start of the year, reflecting investor confidence in Metaplanet's strategy.

Metaplanet's strategy of investing in Bitcoin as a hedge against inflation and devalued currency aligns with the views of many other institutional investors, such as MicroStrategy and Tesla. The company's innovative financing methods, including issuing bonds and stock, have raised billions to purchase Bitcoin. This plan has seen Metaplanet earn 266 percent on its investments in Bitcoin, bringing its worth in the market to 1 trillion yen. The company's treasury currently contains Bitcoin to the tune of around 759 million, and is even ahead of Coinbase, a large cryptocurrency exchange.

Metaplanet's approach differs from conventional corporate treasuries, which typically focus on cash or bonds. By investing in Bitcoin, Metaplanet is pioneering a new investment model in the corporate sector in Japan, which is gradually adopting cryptocurrency. The firm's long-term forecast is to possess 100,000 BTC by 2026, with the intention of expanding to 210,000 BTC by 2027. This vision places Metaplanet in a position where it could yield the second-largest company holding Bitcoin in the world, which is in place after MicroStrategy.

The emergence of Metaplanet underscores the increasing influence of Japan on the corporate use of Bitcoin. This has made the firm attractive to foreign investors, and it is seen as a role model to other firms that want to diversify their treasuries by using cryptocurrency. The 5.4 billion capital raise, earlier announced in June 2025, only reiterates that Metaplanet is adamant in pursuing this strategy. The stable price of Bitcoin and its increasing acceptance among institutions have given Metaplanet more confidence. The market dynamics of the cryptocurrency, which is a fixed supply of 21 million coins, make it a suitable store of value for corporations.