Japanese investment firm Metaplanet has reached a major milestone, amassing a total of 10,000 Bitcoin, officially overtaking Coinbase to become the seventh-largest publicly listed company with BTC on its balance sheet.
On Monday, the firm revealed a fresh acquisition of 1,112 BTC valued at 16.88 billion yen (approximately $117 million), pushing its total reserves past Coinbase’s 9,267 BTC, as reported by Bitbo.
With this latest move, Metaplanet’s average purchase price per Bitcoin is now around 13.9 million yen, or roughly $96,400.
A Rapid Ascent in Bitcoin Rankings
Just two weeks prior, Metaplanet had entered the list of top corporate Bitcoin holders at the number eight spot. Now, it has leapfrogged Coinbase to claim seventh place.
In a bold parallel move, Metaplanet’s board also authorized the issuance of zero-interest bonds worth $210 million, with all proceeds earmarked for expanding its Bitcoin portfolio. The company’s long-term vision? Accumulate a staggering 210,000 BTC by the end of 2027. Having already secured 10,000 BTC, it now faces the ambitious challenge of acquiring another 200,000 within 18 months.
Stock Soars Following Bitcoin Push
Investor excitement was reflected on the Tokyo Stock Exchange, where Metaplanet shares (3350T) surged by more than 22%, closing at 1,860 yen. Year-to-date, the stock has climbed an impressive 417%, driven largely by its aggressive Bitcoin accumulation strategy.
Institutional Appetite Remains Resilient
The firm’s announcement comes amid continued demand from institutions, even as Bitcoin’s price briefly slid from $110,000 to $103,000 in recent days due to geopolitical instability.
Despite the dip, interest hasn’t waned. According to reports, Bitcoin ETFs saw over $1.3 billion in net inflows last week. Meanwhile, Michael Saylor—co-founder of MicroStrategy—confirmed plans to continue buying Bitcoin, undeterred by market volatility.
Adding to the bullish sentiment, Bitwise CEO Hunter Horsley stated on Saturday that Bitcoin may one day rival the massive $30 trillion U.S. Treasuries market.
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