Metaplanet Reaches 10,000 BTC Target, Surpassing Coinbase To Become 9th Largest Corporate Bitcoin Holder
On Monday, Japanese investment firm Metaplanet announced that it had boosted its total holdings to 10,000 BTC, reaching the previous target it set for this year. Metaplanet now owns the ninth biggest BTC stash among publicly traded companies after overtaking crypto exchange Coinbase (COIN).
Metaplanet’s Latest Buy Finally Tips Its Total Stash To 10,000 BTC
Metaplanet CEO Simon Gerovich announced on X that the Tokyo-listed firm purchased an additional 1,112 BTC for $117.2 million at an average price of $105,435 per Bitcoin. This lifted its total Bitcoin holdings to 10,000 BTC.
Metaplanet has acquired 1112 BTC for ~$117.2 million at ~$105,435 per bitcoin and has achieved BTC Yield of 266.1% YTD 2025. As of 6/16/2025, we hold 10,000 $BTC acquired for ~$947 million at ~$94,697 per bitcoin. $MTPLF pic.twitter.com/8nmQ2RaOIF
— Simon Gerovich (@gerovich) June 16, 2025
Data tracked by Bitcointreasuries.net shows Coinbase Global holds 9,267 BTC, meaning Metaplanet’s latest buy has pushed it ahead of the digital asset exchange. The acquisition is another sign of investor confidence in the world’s largest and oldest crypto despite the Israel-Iran war and the looming uncertainty over global financial markets.
Metaplanet, which has modelled its aggressive Bitcoin approach on Michael Saylor’s Strategy, earlier this month announced a revised target to hold over 210,000 BTC by the end of 2027, referencing a goal of holding 1% of the entire Bitcoin supply. After reaching 10,000 BTC, the company will need to buy a further 200,000 BTC over the next 18 months to reach that target.
To fund additional Bitcoin buys, Metaplanet recently unveiled plans to raise up to $5.3 billion via the issuance of 555 million new shares over the next two years.
Also on June 16, Metaplanet said that its board of directors had resolved to issue its 18th series of $210 million bonds to EVO Fund, a Cayman Islands-based investment firm.
The bonds bear no interest and are set to mature on December 12, 2025. “The funds raised are scheduled to be allocated toward the purchase of Bitcoin,” the company stated.
Meanwhile, Strategy remains the world’s biggest corporate holder with total holdings of 592,100 BTC following its buy of 10,100 Bitcoins for approximately $1.05 billion between June 9 and June 15.
Filed under: Bitcoin - @ June 16, 2025 6:22 pm