Metaplanet Becomes Seventh-Largest Public Bitcoin Holder
Japanese investment firm Metaplanet has officially become the seventh-largest publicly traded company holding Bitcoin, overtaking U.S.-based Coinbase. The company announced on Monday that it had acquired an additional 1,112 BTC, bringing its total holdings to 10,000 BTC.
This latest acquisition cost approximately 16.88 billion Japanese yen ($117 million), pushing Metaplanet ahead of Coinbase, which holds 9,267 BTC. The average price of Metaplanet’s Bitcoin now stands at 13.9 million yen per coin — roughly $96,400. The firm had only recently moved into the eighth spot on the Bitcoin leaderboard two weeks ago.
Aggressive Bitcoin Strategy and $210M Bond Issuance
Alongside the purchase announcement, Metaplanet revealed a bold plan to dramatically expand its crypto treasury. The company’s board of directors approved the issuance of $210 million in no-interest bonds specifically aimed at acquiring more Bitcoin. The issuance was finalised the same day the BTC purchase was disclosed.
Source: Google Finance
Metaplanet has set an ambitious target of holding 210,000 BTC by the end of 2027 — a move that would position it as one of the largest Bitcoin holders globally. With 10,000 BTC already secured, the company now aims to purchase an additional 200,000 BTC over the next 18 months.
Stock Price Rallies Over 20%
Investor sentiment has responded positively to Metaplanet’s aggressive Bitcoin strategy. Shares in the company (ticker: 3350T) surged over 22% on Monday on the Tokyo Stock Exchange, hitting a high of 1,860 yen. The firm’s stock has seen a year-to-date increase of more than 417%, reflecting growing confidence in its crypto-forward approach.
Institutional Demand Remains Strong Despite Volatility
Metaplanet’s aggressive moves come amid continued interest from institutional investors, even in the face of recent market volatility. Bitcoin recently dropped from $110,000 to $103,000 over three days due to rising geopolitical tensions. Nevertheless, institutional appetite remains resilient.
Source: Metaplanet
Michael Saylor, co-founder of MicroStrategy and a prominent Bitcoin advocate, confirmed that his firm would continue buying BTC despite market fluctuations. Furthermore, Bitcoin exchange-traded funds (ETFs) experienced five consecutive days of net inflows last week, with over $1.3 billion invested by institutions.
Bitcoin’s Broader Financial Impact
On Saturday, Bitwise Asset Management CEO Hunter Horsley expressed optimism about Bitcoin’s long-term prospects. He suggested that Bitcoin could eventually rival the $30 trillion U.S. Treasuries market, signalling a shift in how traditional financial institutions may approach digital assets in the future.
As Metaplanet deepens its commitment to Bitcoin, its strategic bets highlight the growing influence of cryptocurrencies in corporate finance. With other institutions like MicroStrategy and Tesla also holding large Bitcoin reserves, the global shift towards digital assets continues to accelerate.
