Japanese investment firm Metaplanet has officially crossed the 10,000 BTC mark following its latest purchase of 1,112 Bitcoin, pushing it past Coinbase to become the seventh-largest publicly traded company holding Bitcoin.
In an announcement on Monday, Metaplanet revealed it acquired the new Bitcoin stack for 16.88 billion yen (approximately $117 million). With this addition, the firm now holds a total of 10,000 BTC, overtaking Coinbase’s 9,267 BTC, according to data from Bitbo.
Metaplanet’s 10,000 BTC stash now has an average acquisition price of 13.9 million Japanese yen—around $96,400 per Bitcoin.
The milestone comes just two weeks after the company climbed to become the eighth-largest corporate holder of Bitcoin.
Metaplanet Issues $210 Million in Bonds to Acquire More Bitcoin
On the same day, Metaplanet announced that its board had approved the issuance of $210 million in zero-interest bonds, with the full amount allocated for additional Bitcoin purchases.
The company has significantly ramped up its Bitcoin strategy in recent months, now aiming to accumulate 210,000 BTC by the end of 2027. Having already acquired 10,000 BTC, Metaplanet will need to purchase another 200,000 BTC over the next 18 months to meet its target.
Metaplanet Stock Surges More Than 20%
The consecutive announcements sparked a sharp surge in Metaplanet’s share price on Monday.
Listed as 3350T on the Tokyo Stock Exchange, Metaplanet’s stock jumped over 22% during the day, reaching a peak of 1,860 Japanese yen. Year-to-date, the stock has climbed more than 417%.
Institutional Demand for Bitcoin Remains Strong
Despite a recent dip that saw Bitcoin fall from $110,000 to $103,000 over three days amid rising geopolitical tensions, institutional demand has remained resilient.
MicroStrategy co-founder Michael Saylor confirmed his firm would continue buying Bitcoin on Monday, undeterred by the global uncertainty.
Meanwhile, Bitcoin exchange-traded funds (ETFs) recorded five consecutive days of net inflows last week, with institutional investors injecting over $1.3 billion during that span.
Adding to the bullish sentiment, Bitwise Asset Management CEO Hunter Horsley said on Saturday that Bitcoin has the potential to eventually rival the $30 trillion U.S. Treasuries market.
