Metaplanet Surpasses Coinbase Tesla Bitcoin Holdings With 10,000 BTC Purchase

Japanese investment firm Metaplanet has made a significant move in the Bitcoin market, now owning 10,000 Bitcoin. This surpasses the holdings of major companies like Coinbase and Tesla, positioning Metaplanet as a major player in the corporate Bitcoin landscape. The firm announced on Monday that it had acquired an additional 1,112 BTC for 16.88 billion yen, approximately $117 million. This purchase pushed Metaplanet's total holdings past the 10,000 mark, making it the seventh-largest corporate holder of Bitcoin globally, according to Bitbo data.

Metaplanet's ambitions do not stop at 10,000 Bitcoin. The company has approved the issuance of $210 million in zero-interest bonds, with the proceeds earmarked for further Bitcoin purchases. This capital injection is part of a broader strategy aimed at acquiring 210,000 BTC by the end of 2027. If successful, this would make Metaplanet one of the most influential corporate holders of Bitcoin, potentially rivaling even MicroStrategy. The firm's current cost basis for Bitcoin is around $96,400 per coin, indicating a strong belief in the long-term value of Bitcoin.

Metaplanet's aggressive Bitcoin strategy has had a notable impact on its stock performance. The company's stock surged over 22% on the Tokyo Stock Exchange, closing the day at 1,860 yen. Year-to-date, the stock has seen an impressive increase of over 417%, largely driven by its Bitcoin acquisitions. This rise reflects a growing trend of traditional businesses embracing Bitcoin not just as a hedge, but as a core component of their balance sheets.

Metaplanet's move is part of a broader institutionalization of Bitcoin in 2025. Despite recent geopolitical tensions causing a brief drop in Bitcoin's price from $110K to $103K, ETF inflows into spot Bitcoin ETFs continued unabated, with over $1.3 billion flowing in last week alone. This indicates that long-term investors are unfazed by short-term volatility. Michael Saylor of MicroStrategy also confirmed that the company is continuing to buy more BTC, further solidifying Bitcoin's status as a strategic asset.

Bitwise CEO Hunter Horsley has even suggested that Bitcoin could eventually rival the $30 trillion U.S. Treasuries market, highlighting the growing acceptance of crypto as a mainstream financial product. Metaplanet's 10,000 Bitcoin milestone is not just about surpassing Coinbase; it signifies a broader race among firms to acquire Bitcoin. Companies are issuing bonds, reworking treasuries, and treating Bitcoin as a once-in-a-generation asset. Whether Metaplanet reaches its 210,000 BTC target is less important than the fact that corporations are increasingly viewing Bitcoin as strategic infrastructure rather than a speculative investment. Each multi-million dollar BTC purchase by a major company shifts the balance in Bitcoin's favor, solidifying its role in the global financial landscape.

Metaplanet's aggressive capital maneuvers have been instrumental in financing its crypto strategy. Over the past few weeks, the company has issued $21 million in zero-interest bonds, purchased 1,088 BTC as part of its treasury strategy, and acquired new stock rights to raise further funds. This rapid acceleration in Bitcoin acquisitions underscores Metaplanet's commitment to becoming a leading corporate holder of the cryptocurrency.