Japanese investment firm Metaplanet has achieved a significant milestone, announcing on Monday its acquisition of 1,112 Bitcoin, valued at approximately $117.2 million.
This purchase has elevated the firm’s total Bitcoin holdings to 10,000 BTC, which aligns with its previously set target for the year 2024.
*Metaplanet Acquires Additional 1,112 $BTC, Total Holdings Reach 10,000 BTC* pic.twitter.com/XlM13kQnS9
— Metaplanet Inc. (@Metaplanet_JP) June 16, 2025
The announcement coincided with the board’s approval for a ¥33 billion ($210 million) bond issuance directed towards EVO Fund, a Cayman Islands-based investment firm. These zero-interest bonds are part of Metaplanet’s 18th series of ordinary bond offerings and are set to mature in December.
A regulatory filing indicated that the proceeds from this bond sale are earmarked for Bitcoin acquisitions, although it remains uncertain whether the purchase of the latest 1,112 BTC took place before or after the bond issuance was concluded.
Metaplanet Now Leads Over Coinbase in Public Bitcoin Holdings
In a post on X, Metaplanet CEO Simon Gerovich confirmed the recent purchase, revealing that the additional Bitcoin was acquired at an average price of $105,435 each.
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
At the time of the announcement, Bitcoin’s market price was close to $105,831, according to CoinGecko data. The firm has now invested approximately $947 million in Bitcoin, with an average acquisition cost of $94,697 per BTC.
Metaplanet began its Bitcoin accumulation in April 2024 and has rapidly positioned itself as one of the most proactive institutional buyers in the market. With this latest purchase, it has surpassed Coinbase Global, which currently holds 9,267 BTC, making Metaplanet the leading public holder of Bitcoin, as reported by data from Bitbo.
Following this development, Metaplanet’s shares rose more than 17%, reaching 1,769 yen on Monday morning in Tokyo, according to Yahoo Finance. Since the start of the year, the company’s stock has surged over 408%, reflecting heightened investor interest in its Bitcoin-centric strategy.
A crucial indicator for Metaplanet is its Bitcoin yield, which measures the percentage change between total BTC holdings and fully diluted shares outstanding. Internal company data shows that this metric has reported strong quarterly growth, achieving yields of 309.8% in Q4 2024 and 87.2% thus far in Q2 2025.
As it moves forward, Metaplanet has ambitious plans, aiming to manage 210,000 BTC by the end of 2027.
Japanese investment firm @Metaplanet_JP has unveiled an ambitious new target to amass 210,000 BTC by the end of 2027.#Metaplanet #Bitcoin https://t.co/jCQ3G0uzPC
— Finance Newso.com (@Finance Newso) June 6, 2025
Achieving this goal would require the firm to acquire an additional 200,000 BTC over the next 18 months.
Metaplanet Becomes Japan’s Most Shorted Stock Amid Bitcoin Strategy
The Tokyo-listed company, originally a budget hotel operator, has followed MicroStrategy’s lead by buying 1,088 BTC on June 2, at an average price of ¥15.5 million (~$108,600) per coin. This strategic shift has rendered it Japan’s most shorted stock, despite an impressive 4,800% increase in its share price over the past year.
Metaplanet is now Japan’s most shorted stock, says CEO as Bitcoin bulls warn of a global short squeeze. “Really bad timing to be short,” says Blockstream’s Adam Back. #Bitcoin #Metaplanet https://t.co/aWGJO2iQGi
— Finance Newso.com (@Finance Newso) May 21, 2025
Metaplanet’s aggressive Bitcoin buying strategy has been bolstered by significant activity in the capital markets. On May 29, the company issued ¥3.2 billion ($21 million) in zero-coupon bonds—their 17th round—immediately following a ¥7.5 billion ($50 million) bond issuance. Proceeds from these efforts are being directly channeled into Bitcoin acquisitions.
Metaplanet announced issuance of its 17th series of ordinary bonds bearing no interest for $21 million, to fund additional BTC purchases. #Metaplanet #BitcoinPurchase #BondIssuance https://t.co/qYqXHbjSJr
— Finance Newso.com (@Finance Newso) May 29, 2025
Currently, 116 public companies around the world are holding Bitcoin on their balance sheets, according to BitcoinTreasuries.NET. New entrants include GameStop and Sweden’s H100, while industry titans such as Tesla and Marathon Digital continue to lead with over $1 billion in BTC each.
Despite Bitcoin’s recent decline from $110,000 to $103,000 amid geopolitical uncertainties, institutional interest appears undiminished. Exchange-Traded Funds (ETFs) have recorded five consecutive days of inflows, totaling over $1.3 billion, according to Farside Investors.
Bitwise CEO Hunter Horsley has suggested that Bitcoin could eventually rival the $30 trillion U.S. Treasuries market. In a similar vein, Michael Saylor reiterated that his firm will persist in acquiring BTC, underscoring the continued influence of the “Bitcoin standard” on corporate treasury strategies worldwide.
The post Metaplanet’s $117M Bitcoin Buy Pushes Holdings Past 10,000 — Surpasses Coinbase as Top 7 Public BTC Holder appeared first on Finance Newso.
