The post Metaplanet Overtakes Coinbase After Buying More Bitcoin appeared on BitcoinEthereumNews.com.

This happened after Metaplanet’s latest purchase of 1,112 BTC worth $117 million. With total holdings now at 10,000 BTC, Metaplanet’s accumulation pace has intensified. The company also plans to acquire up to 210,000 BTC by the end of 2027. Investor confidence appears strong, with the firm’s share price up 22% on the day of the announcement and over 430% year-to-date.  Meanwhile, VanEck’s Matthew Sigel issued a warning to Bitcoin-buying firms about potential shareholder dilution if stock prices fall below BTC net asset value. He specifically pointed to Semler Scientific’s recent struggles. Despite the concerns, institutional inflows into crypto investment products remain robust, with $1.9 billion in inflows last week. Japanese investment firm Metaplanet officially became the seventh-largest publicly traded company holding Bitcoin. This allowed it to surpass Coinbase after acquiring an additional 1,112 BTC.  The latest purchase was announced on Monday, and was valued at 16.88 billion Japanese yen, or approximately $117 million. With this acquisition, Metaplanet’s total Bitcoin holdings have reached 10,000 BTC, more than Coinbase’s 9,267 BTC according to data from Bitbo. The company now holds Bitcoin at an average price of 13.9 million yen, or roughly $96,400 per BTC. This milestone happened just two weeks after Metaplanet became the eighth-largest corporate Bitcoin holder, which proves the speed and intensity of its accumulation strategy. On the same day, Metaplanet revealed that it secured $210 million through zero-interest bonds, which were immediately directed toward Bitcoin purchases. This move aligns with the company’s bold new strategy of acquiring up to 210,000 BTC by the end of 2027. This goal will require an additional 200,000 BTC to be purchased over the next 18 months. Investor enthusiasm around Metaplanet’s aggressive Bitcoin strategy was reflected in its share price, which soared more than 22% on Monday to reach 1,895 yen on the Tokyo…

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Filed under: News - @ June 16, 2025 11:28 am