Metaplanet Overtakes Tesla And Coinbase With $108M Bitcoin Purchase
Japanese Bitcoin treasury firm Metaplanet has added another 1,005 BTC to its holdings, spending $108.1 million in the process.
The company now holds 13,350 BTC in total, placing it ahead of Tesla, Coinbase, Block Inc., and CleanSpark.
The newly acquired Bitcoin was bought at an average price of $107,601 per coin.
Overall, Metaplanet’s total Bitcoin was accumulated at an average price of $97,832.
At current market prices, its holdings are now worth roughly $1.45 billion.
This latest move makes Metaplanet the fifth-largest corporate holder of Bitcoin in the world, trailing only Strategy, Marathon Digital, Twenty One Capital, and Riot Platforms.
Now holding 13,350 BTC, Metaplanet has climbed two spots to become the fifth-largest corporate Bitcoin holder.
New Targets Set As Metaplanet Doubles Down On Bitcoin
Following the announcement, Metaplanet shares jumped nearly 9% on the Tokyo Stock Exchange.
The company has been aggressively expanding its Bitcoin strategy since March, acquiring 10,000 BTC in just over three months.
CEO Simon Gerovich confirmed that the company has seen a 349% year-to-date yield from its Bitcoin holdings.
He also revealed ambitious new goals—100,000 BTC by 2026, and 210,000 BTC by 2027.
If reached, these targets would make Metaplanet the second-largest corporate Bitcoin holder globally.
$208M In 0% Bonds Secured For Bitcoin And Debt Buyback
To fund its growing Bitcoin treasury, Metaplanet has issued 30 billion yen ($208 million) in 0% ordinary bonds through its EVO fund.
The funds will be used to acquire more Bitcoin and to buy back and cancel 1.75 billion yen ($12 million) worth of third-series bonds, which carried a 0.36% interest rate.
The company stated in its disclosure,
“Funds raised through the issuance of the new bonds will be partially allocated to the buyback and cancellation, with the remainder used for the purchase of Bitcoin.”
This bond strategy allows the firm to expand its holdings without taking on interest-bearing debt, effectively securing an interest-free float for its BTC accumulation.
Strategy’s Streak Continues As Bitcoin Hoarding Intensifies
Meanwhile, Bitcoin heavyweight Strategy has extended its buying streak to 11 consecutive weeks.
The firm’s most recent purchase took place on 23 June, when it acquired 245 BTC for $26 million, bringing its total to 592,345 BTC.
The company’s Bitcoin holdings are now worth over $63.6 billion—more than double the next 20 public companies combined, according to BitcoinTreasuries data.
Co-founder Michael Saylor wrote on X,
“In 21 years, you’ll wish you’d bought more.”
Gerovich replied,
“We buy every day. And still, I know I’ll look back wishing we had moved even faster.”
Strategy’s consistent buying and market resilience have led analysts like Jeff Walton to estimate a 91% chance that the firm could enter the S&P 500 index by Q2 2025.
Risk Of Imitation Looms As Others Try To Follow
Analysts from venture capital firm Breed have warned that only a handful of corporate Bitcoin treasuries may survive a market downturn.
The report noted that newer entrants relying on debt-heavy strategies could face collapse if Bitcoin’s price drops significantly.
The market could see increased consolidation, with larger players absorbing distressed firms.
For now, Strategy and Metaplanet remain strong—thanks to capital access, timing, and scale.