Metaplanet Overtakes Coinbase in Bitcoin Holdings After Accelerated $117M Purchase
In a bold display of crypto conviction, Japan-based Metaplanet has surged past its 2025 Bitcoin target six months ahead of schedule, now sitting on a treasury of 10,000 BTC—vaulting it above Coinbase Global in public Bitcoin holdings.
Metaplanet Now 9th Largest Public Bitcoin Holder
The Tokyo-listed firm made headlines today after acquiring an additional 1,112 BTC for approximately $117.2 million, bringing its total holdings to exactly 10,000 BTC. With this latest acquisition—at an average of $105,435 per coin—Metaplanet now ranks as the ninth-largest publicly traded company holding Bitcoin, leapfrogging Coinbase, which owns 9,267 BTC.
CEO Simon Gerovich confirmed the milestone in a social media post, revealing that Metaplanet’s BTC investments have generated a 266.1% yield year-to-date. As of June 16, the company has deployed roughly $947 million at an average entry price of $94,697 per Bitcoin.
0% Interest Bond Issuance Supports Aggressive Bitcoin Strategy
Coinciding with today’s announcement, Metaplanet’s board has greenlit a new $210 million bond issuance, offering 0% interest. The Series 18 ordinary bonds—set to mature on December 12, 2025—are earmarked exclusively for further Bitcoin acquisitions.
This move is part of a much larger ambition: to accumulate 1% of Bitcoin’s fixed 21 million supply by 2027. That translates to a colossal target of 210,000 BTC. The firm had initially aimed for 21,000 BTC by 2026, but that benchmark has now been raised nearly fivefold to 100,000 BTC.
For 2025, the revised goal is 30,000 BTC—triple what Metaplanet now holds.
$5.4 Billion Share Issuance Planned to Fund Next Phase
To support these aggressive accumulation plans, Metaplanet intends to issue 555 million shares, aiming to raise around $5.4 billion (¥770 billion). The firm claims this will be the largest public equity capital raise in Asia dedicated solely to purchasing Bitcoin.
As traditional firms and institutional players increase their exposure to Bitcoin, Metaplanet is positioning itself at the forefront of this financial pivot—effectively mirroring MicroStrategy’s long-standing Bitcoin-first strategy.