Metaplanet Buys 1,111 More BTC, Overtakes Hut 8 and Coinbase in Corporate Holdings Race

Japan-based Metaplanet has pushed deeper into Bitcoin accumulation, announcing a fresh purchase of 1,111 BTC on Monday in Asia, valued at approximately $118 million based on the acquisition price of $106,408 per coin. The strategic buy now brings the firm's total bitcoin stash to 11,111 BTC.

CEO Simon Gerovich confirmed that Metaplanet’s overall holdings were amassed for $1.07 billion at an average cost basis of $95,869 per BTC. With Bitcoin trading above that level, the company's crypto treasury now sits at an estimated market value of $1.12 billion.

This move follows closely on the heels of the company’s recent milestone—reaching 10,000 BTC last week, a target originally set for the end of 2025. The aggressive pace now places Metaplanet as the ninth largest corporate holder of Bitcoin, leapfrogging both Coinbase and miner Hut 8, whose reserves stand at 10,273 BTC.

Earlier this month, Metaplanet revised its Bitcoin roadmap significantly, aiming to grow its treasury to 30,000 BTC by the end of 2025, 100,000 BTC by 2026, and 210,000 BTC by 2027—an ambition that would rival even MicroStrategy’s holdings if achieved.

Despite the bullish accumulation, Metaplanet's stock, listed in Tokyo, dipped 3.54% to 1,718 yen ($11.72) in morning trading on Monday. However, the stock is still up a staggering 393% since the beginning of the year, reflecting investor optimism about the company's Bitcoin-centric strategy.