Metaplanet Surpasses Coinbase with 10,000 Bitcoin in Treasury

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.

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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.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.