Metaplanet has become the world’s seventh-largest corporate owner of Bitcoin after adding another 1,112 coins to its treasury on Monday.
The purchase—worth roughly ¥16.9 billion ($117 million)—lifts the Japanese investment firm’s stash to an even 10,000 BTC, edging past Coinbase’s 9,267-coin reserve, according to Bitbo data.
The company paid an average ¥13.9 million per coin (about $96,400). The acquisition landed the same day Metaplanet’s board approved a ¥32 billion ($210 million) zero-coupon bond issue, earmarking the proceeds for more Bitcoin. Management says the ultimate target is 210,000 BTC by the end of 2027, leaving roughly 200,000 coins still to buy over the next 18 months.
Investors cheered the aggressive strategy: Metaplanet shares (3350.T) jumped 22 % on the Tokyo Stock Exchange, extending their year-to-date gain past 400 %.
The move underscores unshaken institutional appetite for Bitcoin despite last week’s pullback from $110 K to $103 K and ongoing geopolitical jitters. Spot BTC ETFs logged five straight days of inflows, pulling in $1.3 billion, while Strategy’s Michael Saylor signaled more purchases are coming. Bitwise CEO Hunter Horsley even suggested Bitcoin could one day rival the $30 trillion U.S. Treasury market.
The Bank of Korea (BOK) has taken a significant step toward deepening its involvement in the digital asset ecosystem by establishing a dedicated virtual asset division, according to a report from local media outlet News1.
Michael Saylor, executive chairman of Strategy, has revealed that the company has acquired an additional 21,021 Bitcoin for approximately $2.46 billion, paying an average price of $117,256 per BTC.
A new report from JPMorgan is shedding light on the staggering upside potential of Coinbase’s partnership with Circle and its deep exposure to the USDC stablecoin.
The week ahead is shaping up to be one of the most pivotal for global markets in months. With five major U.S. economic events scheduled between July 30 and August 1, volatility is almost guaranteed—and the crypto market is bracing for impact.