Japanese investment firm Metaplanet has recently achieved a significant milestone by acquiring 10,000 Bitcoin, surpassing Coinbase in terms of the largest Bitcoin holdings among public companies. The latest purchase of 1,112 BTC, valued at around $117 million, was completed at an average price of $105,405 per coin.
This achievement marks a doubling of Metaplanet’s BTC reserves in just six months. At the beginning of 2025, the company held less than 5,000 BTC, but has since aggressively acquired an additional 6,000 BTC, signaling its strong commitment to Bitcoin as a core treasury asset.
Despite reaching the 10,000 BTC goal, Metaplanet shows no signs of slowing down. The company’s board has approved a significant funding move to issue $210 million in zero-interest ordinary bonds to EVO Fund. These 18th-series bonds, maturing in December 2025, are earmarked exclusively for further Bitcoin purchases.
Looking ahead, Metaplanet has set ambitious accumulation targets, aiming to hold 30,000 BTC by the end of 2025, 100,000 BTC by 2026, and an astounding 210,000 BTC by 2027.
Investor sentiment appears to be strongly in favor of Metaplanet’s strategy. Following the announcement of the Bitcoin acquisition, the company’s stock rose by 26% to 1,895 yen, with its market capitalization surpassing ¥1 trillion ($6.9 billion). Additionally, crypto firm Matrixport noted that Metaplanet’s Bitcoin holdings are trading at a premium, with each BTC in its reserves priced at $759,000, over seven times the spot rate.
Matrixport attributes this premium to speculative demand, limited share float, and future expectations of Bitcoin’s value tied to Metaplanet’s growing holdings. The company is also benefiting from Japan’s revised tax rules, which now classify BTC as a reserve asset rather than a speculative one, making Metaplanet a tax-efficient gateway for local investors seeking exposure to Bitcoin.
In conclusion, Metaplanet’s rapid accumulation of Bitcoin and its rising valuation demonstrate the company’s strong commitment to the digital asset. With ambitious targets for future acquisitions and favorable market conditions, Metaplanet is poised to continue its growth as a key player in the crypto space.