Metaplanet Surpasses 10,000 Bitcoin As It Outpaces Coinbase In Rapid Accumulation Drive
Tokyo-based Metaplanet has exceeded its 2025 Bitcoin target six months ahead of schedule, now holding exactly 10,000 BTC following its latest $117.2 million purchase.
The aggressive accumulation strategy has propelled the company past Coinbase Global to become the ninth-largest publicly traded Bitcoin holder.
1,112 Bitcoin Bought In Single Day Pushes Total To 10,000
The latest acquisition of 1,112 BTC was confirmed on 16 June by CEO Simon Gerovich, who stated,
“Metaplanet has acquired 1112 BTC for ~$117.2 million at ~$105,435 per bitcoin and has achieved BTC Yield of 266.1% YTD 2025.”
The total value of Metaplanet’s Bitcoin portfolio now stands at roughly $947 million, with an average purchase price of $94,697 per coin.
This latest buy followed a previous purchase of 1,088 BTC on 2 June, indicating the pace at which the firm is adding to its holdings.
From Tech Stock To Bitcoin Treasury Powerhouse
Often referred to as “Japan’s MicroStrategy,” Metaplanet’s shift into a full-fledged Bitcoin treasury company has transformed its stock performance.
The company's shares jumped 25.58% on the day of the announcement to 1,895 yen, pushing year-to-date gains to 430%.
Just a month ago, shares were trading at 623 yen—representing a 204.17% increase over 30 days.
The Bitcoin-first strategy has clearly resonated with investors, turning Metaplanet into one of the top-performing listed companies in Japan this year.
Beating Coinbase And Climbing The Global Rankings
With its current holdings, Metaplanet now holds 733 more Bitcoin than Coinbase Global, which owns 9,267 BTC.
This achievement elevates the Tokyo-listed company to the eighth-largest corporate holder globally, and the largest in Asia, according to available public data.
Source: bitcointreasuries.net
The milestone comes just weeks after Metaplanet entered the global top 10 list, highlighting how rapidly the company has advanced through the ranks of institutional Bitcoin holders.
$210 Million Zero-Interest Bonds Issued To Fuel More Buys
Metaplanet’s latest purchase was funded by its 18th issuance of ordinary bonds worth $210 million.
The bonds, issued to EVO Fund, carry a 0% interest rate and will mature on 12 December 2025.
According to the company, the full proceeds are earmarked exclusively for additional Bitcoin purchases.
This financial strategy mirrors earlier efforts that helped raise capital swiftly while avoiding interest obligations, giving the company a flexible war chest for its continued Bitcoin strategy.
Ambitious Plans To Own 1% Of All Bitcoin By 2027
After hitting its initial 2025 target, Metaplanet has revised its roadmap, now aiming for 30,000 BTC by year-end, 100,000 BTC in 2026, and 210,000 BTC by 2027—equivalent to 1% of Bitcoin’s fixed 21 million supply.
To support this expansion, the company announced a massive ¥770.9 billion ($5.4 billion) equity programme on 6 June.
The initiative involves issuing 555 million shares via moving strike warrants, described by the company as “Asia’s largest ever public equity capital raise to buy Bitcoin.”
These warrants, granted without discount, reflect strong investor appetite for Metaplanet’s Bitcoin exposure, particularly in a market like Japan where cryptocurrency investment has historically been conservative.
Is Leverage A Risk In Metaplanet’s Bitcoin Strategy?
While the company’s rise has been rapid, not all observers are optimistic.
Sygnum Bank recently warned that using leverage to buy Bitcoin increases the risk of financial instability, particularly if market conditions shift or debt obligations tighten.
Critics have also raised concerns that rapid corporate accumulation could lead to greater Bitcoin centralisation, potentially affecting market dynamics over the long term.
Despite this, Metaplanet remains focused on its goal of becoming a top-tier global Bitcoin holder—backed by investor support and innovative financing models.