TLDR
- Metaplanet now holds 10,000 Bitcoin, making it the seventh-largest corporate Bitcoin holder and surpassing Coinbase’s 9,267 BTC
- The company purchased 1,112 Bitcoin for $117 million (16.88 billion yen) with an average cost basis of $96,400 per coin
- Metaplanet approved $210 million in zero-interest bonds to fund more Bitcoin purchases
- Stock surged 22% on Monday and is up 417% year-to-date following the announcement
- Company targets 210,000 Bitcoin by end of 2027, requiring an additional 200,000 BTC purchases
Japanese investment firm Metaplanet just crossed a major milestone. The company now owns 10,000 Bitcoin after purchasing another 1,112 BTC for 16.88 billion yen.
*Metaplanet Acquires Additional 1,112 $BTC, Total Holdings Reach 10,000 BTC* pic.twitter.com/XlM13kQnS9
— Metaplanet Inc. (@Metaplanet_JP) June 16, 2025
This latest buy puts Metaplanet ahead of Coinbase in the corporate Bitcoin holdings race. According to Bitbo data, Coinbase holds 9,267 Bitcoin while Tesla trails even further behind.
The purchase makes Metaplanet the seventh-largest publicly traded company with Bitcoin on its balance sheet. That’s quite a jump for a firm that wasn’t even on the radar just months ago.
Metaplanet’s average cost basis now sits at around $96,400 per Bitcoin. The company clearly isn’t worried about buying near current price levels.
But this 10,000 Bitcoin milestone is just the warm-up act. Metaplanet announced alongside the purchase that its board approved issuing $210 million in zero-interest bonds.
*Metaplanet Issues 210 Million USD in 0% Ordinary Bonds to Purchase Additional $BTC* pic.twitter.com/cglQAFDKUi
— Metaplanet Inc. (@Metaplanet_JP) June 16, 2025
Every dollar from those bonds is earmarked for more Bitcoin purchases. The company isn’t being subtle about its strategy here.
Bond Financing Fuels Bitcoin Ambitions
The $210 million bond issuance represents phase two of Metaplanet’s Bitcoin strategy. Phase one was clearly about proving the concept worked.
Now comes the real test. Metaplanet has set a target of owning 210,000 Bitcoin by the end of 2027.
That means the company needs to acquire another 200,000 Bitcoin over the next 18 months. At current prices, that’s roughly $21 billion worth of Bitcoin.
The zero-interest bond structure makes this strategy particularly interesting. Metaplanet is essentially getting free money to buy Bitcoin.
This approach mirrors what MicroStrategy has done in the United States. But Metaplanet is moving faster and with more aggressive targets.
Stock Performance Reflects Bitcoin Strategy
Metaplanet’s stock responded exactly as you’d expect. Shares jumped over 22% on Monday following the announcement.
The stock closed at 1,860 yen on the Tokyo Stock Exchange. That represents a 417% gain year-to-date.
Most of that gain comes directly from the company’s Bitcoin strategy. Investors are clearly betting that this approach will work.
The stock performance also suggests the market believes Metaplanet can actually hit its 210,000 Bitcoin target. That level of confidence is pretty rare in the crypto space.
Bitcoin institutional adoption has been the big story of 2025. Metaplanet’s rapid rise shows how quickly companies can transform their balance sheets.
Institutional Bitcoin Demand Stays Strong
Metaplanet’s buying spree comes during an interesting time for Bitcoin. The cryptocurrency dropped from $110,000 to $103,000 recently due to geopolitical tensions.
But institutional investors haven’t flinched. Bitcoin ETFs saw over $1.3 billion in net inflows last week alone.
MicroStrategy’s Michael Saylor said his company would continue buying Bitcoin despite the recent volatility. That’s the kind of long-term thinking that drives institutional adoption.
Bitwise CEO Hunter Horsley made an even bolder prediction. He said Bitcoin could eventually rival the $30 trillion U.S. Treasuries market.
Comments like that show how seriously institutional players are taking Bitcoin. It’s no longer just a speculative investment.
Metaplanet’s rapid accumulation timeline tells the whole story. The company issued $21 million in bonds on May 29.
It bought 1,088 Bitcoin on June 2 as part of its treasury strategy. New stock acquisition rights were approved on June 6 to raise more funds.
Now comes the $210 million bond issuance and the 10,000 Bitcoin milestone. This company is moving at breakneck speed.
The corporate events timeline shows just how quickly a company can pivot to a Bitcoin-first strategy. Metaplanet went from zero to hero in a matter of months.
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