Metaplanet’s Astonishing 10,000 Bitcoin Milestone Surpasses Coinbase
In a significant move highlighting the growing trend of corporate Bitcoin adoption, Japanese investment firm Metaplanet has dramatically increased its digital asset treasury. This latest acquisition positions Metaplanet among the leading publicly traded companies holding substantial amounts of Bitcoin.
Metaplanet Reaches 10,000 Bitcoin Holdings
Metaplanet recently announced a substantial purchase of 1,112 Bitcoin, acquired for 16.88 billion Japanese yen (approximately $117 million). This strategic acquisition brings their total Bitcoin holdings to an impressive 10,000 BTC. This milestone is particularly noteworthy as it places Metaplanet’s Bitcoin treasury ahead of major cryptocurrency exchange Coinbase, which holds 9,267 BTC, according to recent data.
The average price for Metaplanet’s 10,000 BTC stack is approximately 13.9 million Japanese yen, or about $96,400 per Bitcoin. This rapid accumulation follows Metaplanet’s emergence just two weeks prior as the eighth-largest corporate holder of Bitcoin.
Fueling Growth: Bond Issuance for More Corporate Bitcoin
Further underscoring its aggressive Bitcoin strategy, Metaplanet simultaneously revealed its board’s resolution to issue $210 million via zero-interest bonds. The explicit purpose of raising these funds is to acquire additional Bitcoin.
Metaplanet has significantly revised its long-term digital asset strategy, now targeting a holding of 210,000 BTC by the end of 2027. With 10,000 BTC currently secured, the firm aims to purchase an additional 200,000 BTC over the next 18 months, signaling a strong commitment to making Bitcoin a core component of its balance sheet.
Market Reaction: Metaplanet Stock Soars
The dual announcement of reaching the 10,000 BTC mark and the large bond issuance for further purchases triggered a strong positive reaction in the market. Metaplanet’s stock (3350T) saw a significant rally on the Tokyo Stock Exchange, climbing over 22% on the day to peak at 1,860 Japanese yen. This surge contributes to an impressive year-to-date gain of over 417% for the company’s shares, reflecting investor enthusiasm for its Bitcoin-centric approach.
Broader Trends: Institutional Investment Remains Strong
Metaplanet’s actions occur within a broader context of sustained institutional investment interest in Bitcoin. Despite recent price fluctuations influenced by macroeconomic factors and geopolitical events, demand from large investors appears resilient. Reports indicate that Bitcoin exchange-traded funds (ETFs) experienced several consecutive days of net inflows recently, with institutions allocating over $1.3 billion during that period. This consistent inflow suggests that the conviction among institutional players regarding Bitcoin’s long-term value proposition remains high, reinforcing the trend of BTC adoption by corporations like Metaplanet.
What This Means for BTC Adoption
Metaplanet’s rapid accumulation and ambitious future targets highlight a growing conviction among some international firms about Bitcoin’s role as a treasury reserve asset. Surpassing a major player like Coinbase in Bitcoin holdings sends a clear signal about the increasing scale of corporate balance sheet allocation to digital assets. This trend, driven by companies like Metaplanet, MicroStrategy, and others, contributes to the overall maturation and institutional acceptance of the Bitcoin market.
Summary: Metaplanet has reached a significant milestone, accumulating 10,000 Bitcoin and surpassing Coinbase’s holdings. Fueled by a substantial bond issuance aimed at acquiring even more BTC, the Japanese firm’s aggressive strategy has been met with a strong rally in its stock price. This development underscores the ongoing trend of institutional investment and corporate Bitcoin adoption, positioning Bitcoin as an increasingly important asset class for global companies.
