Metaplanet Surpasses Coinbase in Bitcoin Holdings with 10,000 BTC Milestone
Japanese investment firm Metaplanet has crossed a major threshold in the Bitcoin space, announcing it now holds 10,000 BTC following its latest purchase—overtaking Coinbase Global in total Bitcoin holdings.
In a post on X, CEO Simon Gerovich revealed that Metaplanet acquired 1,112 BTC on Monday for $117.2 million, at an average price of $105,435 per coin. The acquisition brings Metaplanet’s Bitcoin stash just past Coinbase Global, which currently holds 9,267 BTC, according to data from Bitcointreasuries.net.
Metaplanet has acquired 1112 BTC for ~$117.2 million at ~$105,435 per bitcoin and has achieved BTC Yield of 266.1% YTD 2025. As of 6/16/2025, we hold 10,000 $BTC acquired for ~$947 million at ~$94,697 per bitcoin. $MTPLF pic.twitter.com/8nmQ2RaOIF
— Simon Gerovich (@gerovich) June 16, 2025
The news had an immediate impact on markets. Metaplanet shares surged over 17%, reaching 1,769 yen in intraday trading on Yahoo Finance Japan. Year-to-date, the company’s stock is up a remarkable 408%, fueled largely by its aggressive Bitcoin accumulation strategy.
To support its expanding position, Metaplanet also disclosed that its board approved the issuance of its 18th series of ordinary bonds, totaling $210 million, to EVO Fund. The funds will be directed toward further Bitcoin purchases, with the bonds maturing in December 2025.
Metaplanet began its Bitcoin buying campaign in April 2024 and has moved swiftly ever since. Earlier this month, it announced a new goal: to hold over 210,000 BTC by the end of 2027—roughly 1% of Bitcoin’s total supply. To help fund that ambition, the company revealed a $5.4 billion equity offering on June 6, planning to issue 555 million new shares over two years.
*Metaplanet Announces Accelerated 2025-2027 Bitcoin Plan*
— Metaplanet Inc. (@Metaplanet_JP) June 6, 2025
*Targeting 210,000 $BTC by 2027* pic.twitter.com/xJKu3J8Apb
The recent 1,112 BTC buy follows another significant purchase on June 2, when Metaplanet acquired 1,088 BTC, boosting its holdings to 8,888 BTC before this week's move.
While Metaplanet has now leapfrogged Coinbase, it still trails behind Strategy—Michael Saylor’s firm—which leads the world with 582,000 BTC after adding 1,045 BTC last week.