Metaplanet Bitcoin holdings reach 10,000 BTC, Coinbase in corporate crypto race

Japanese investment firm Metaplanet has officially crossed the 10,000 BTC threshold in its bitcoin treasury. The latest purchase of 1,112 BTC, worth $117 million, pushes Metaplanet Bitcoin holdings past Coinbase’s 9,267 BTC, securing its position as the seventh-largest corporate holder of bitcoin globally.

According to Bitbo data, Metaplanet’s average purchase price stands at $96,400 per BTC—a strategic accumulation that has already paid off as bitcoin’s value continues to climb.

The announcement sent Metaplanet’s stock soaring by 22% on the Tokyo Stock Exchange, capping off a staggering 417% year-to-date rally.

$210M bond issuance fuels Metaplanet bitcoin buying spree

The same day Metaplanet Bitcoin holdings hit the 10,000 BTC milestone, the firm unveiled plans to issue $210 million in zero-interest bonds exclusively for further bitcoin acquisitions.

This aggressive strategy aligns with Metaplanet’s revised target of holding 210,000 BTC by the end of 2027—a goal requiring the purchase of an additional 200,000 BTC in just 18 months.

Analysts suggest the bond issuance reflects unwavering institutional confidence in Bitcoin’s long-term value, even amid recent market volatility.

“This isn’t just hedging; it’s a full-scale pivot to bitcoin as a core reserve asset,” noted Tokyo-based financial strategist Rina Tanaka.

Stock surge highlights investor confidence in Metaplanet Bitcoin strategy

Metaplanet’s stock (TSE: 3350) peaked at ¥1,860 following the dual announcements, with trading volume spiking 300% above its monthly average.

The rally shows how Metaplanet Bitcoin holdings have become a critical driver of shareholder value, outpacing traditional tech and finance stocks in Japan’s market.

“Metaplanet is rewriting the playbook for corporate treasuries,” said Capital Dynamics CEO Haruto Shimizu. “Their bitcoin-centric approach is attracting both crypto-native investors and institutional funds seeking exposure to digital assets.”

Institutional demand for bitcoin remains unshaken

While bitcoin briefly dipped to $103,000 last week amid geopolitical tensions, Metaplanet’s latest moves echo a broader trend of institutional accumulation.

Bitcoin ETFs recorded five consecutive days of net inflows last week, totaling $1.3 billion, a signal that large-scale investors view dips as buying opportunities.

MicroStrategy co-founder Michael Saylor reinforced this sentiment, announcing additional BTC purchases despite market fluctuations. Meanwhile, Bitwise CEO Hunter Horsley predicted bitcoin could eventually rival the $30 trillion U.S. treasury market, a vision Metaplanet appears to be banking on literally.

The road to 210,000 BTC: Can Metaplanet sustain its pace?

With Metaplanet bitcoin holdings now at 10,000 BTC, the firm must execute near-daily purchases to meet its 2027 target. Skeptics question the feasibility, but proponents point to the firm’s bond liquidity and bitcoin’s scarcity (only 21 million will ever exist) as tailwinds.

“Metaplanet isn’t just accumulating bitcoin; it’s positioning itself as a bridge between traditional finance and the crypto economy,” said Bloomberg analyst Zoe Chen. “Every BTC they add strengthens that thesis.”

As of publication, Metaplanet bitcoin holdings account for roughly 0.05% of all bitcoin in circulation—a figure that could redefine corporate balance sheets worldwide if their gamble pays off.