Cryptocurrency

Japan’s Metaplanet hits 10,000 bitcoins, surpassing Coinbase

Metaplanet acquired 1,112 bitcoins for $117.2 million, bringing its total holdings to 10,000 BTC and surpassing Coinbase to become the ninth largest public deal holder of Bitcoin as the company’s Bitcoin adoption continues to accelerate globally.

The Tokyo-based company bought Bitcoin at an average price of $105,435 per coin. The acquisition brings Metaplanet’s total investment in Bitcoin to approximately $947 million, with an average cost of $94,698.

The company’s Bitcoin accumulation rate has reached an unprecedented level. The purpose from the beginning of the strategy has developed into a global phenomenon, with more than 150 listed companies now holding a total value of more than $100 billion in Bitcoin.

Metaplanet’s market value soared with its Bitcoin strategy, with shares rising 26% on Monday over 1 trillion yen ($6.9 billion). The company’s stock has soared more than 2,000% over the past year, outperforming traditional Japanese blue chip stocks, including chip maker Kioxia Holdings.

The company’s Bitcoin output – a change in holdings relative to fully diluted stocks – showed strong quarterly performance, with stock change rate of 41.7% in Q2 2024, 309.8% in Q4 2024, 95.6% in Q1 2025, and 87.2% in Q2 2025 to date.

To fund further Bitcoin purchases, Metaplanet recently issued $210 million in zero-% ordinary bonds.

At press time, Bitcoin was trading at $107,032, up 1.80% over the past 24 hours as the market digests the impact of growing company adoption and the positive accumulation strategy of Metaplanet.

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