Japanese investment firm Metaplanet has cemented its position among the top corporate Bitcoin holders after acquiring 1,112 BTC worth ¥16.88 billion ($117 million) on Monday. With this latest purchase, Metaplanet’s total Bitcoin holdings have reached 10,000 BTC, surpassing Coinbase’s 9,267 BTC, according to data from Bitbo.
This move propels Metaplanet into the seventh position among publicly traded companies with the largest Bitcoin treasuries, further highlighting the firm’s aggressive pivot toward Bitcoin as a strategic reserve asset. The average cost basis for Metaplanet’s holdings now stands at ¥13.9 million ($96,400) per BTC.
$210M Bond Issue Signals Long-Term Bitcoin Strategy
Metaplanet’s latest acquisition coincided with its announcement to issue ¥33 billion ($210 million) in zero-interest bonds. The capital raised is earmarked for future Bitcoin purchases, aligning with the firm’s bold plan to accumulate 210,000 BTC by the end of 2027. Having secured the first 10,000 BTC, the company still needs to purchase 200,000 more in the next 18 months — an ambitious goal that underscores its long-term bullish stance on Bitcoin.
Just two weeks ago, Metaplanet had overtaken Tesla to become the eighth-largest Bitcoin-holding public firm. Monday’s announcement pushes it one spot higher on the leaderboard, underlining its rapid rise.
Stock Soars Over 22% as Investors React
Investor sentiment mirrored the bullish momentum. Shares of Metaplanet (3350T) surged more than 22% on the Tokyo Stock Exchange on Monday, peaking at ¥1,860. The stock has now soared over 417% year-to-date, driven largely by the firm’s strategic Bitcoin buys and growing retail and institutional interest.
The strong performance reflects investor confidence in Metaplanet’s Bitcoin-centric vision and its alignment with broader market trends favoring digital assets as alternative stores of value.
Institutional Bitcoin Demand Remains Strong
Metaplanet’s accumulation spree comes at a time when institutional appetite for Bitcoin remains resilient, despite recent market volatility. Last week, Bitcoin fell from $110,000 to $103,000 due to geopolitical tensions, yet institutional buying has shown no signs of slowing.
Bitcoin ETFs saw five consecutive days of net inflows last week, with over $1.3 billion flowing into the market. Meanwhile, industry leaders like MicroStrategy’s Michael Saylor have reiterated their commitment to expanding Bitcoin holdings regardless of macroeconomic headwinds.
Adding to the bullish sentiment, Bitwise CEO Hunter Horsley recently stated that Bitcoin could eventually rival the $30 trillion U.S. Treasuries market, emphasizing its long-term potential as a global financial instrument.
Also Read: GameStop Stock Tanks 16% After Weak Q1 Despite Bitcoin Push
Metaplanet’s latest milestone not only underscores the firm’s growing influence in the crypto space but also signals the continued institutional embrace of Bitcoin as a treasury reserve asset. With its eyes set on 210,000 BTC by 2027, Metaplanet is positioning itself as a key player in Bitcoin’s ongoing institutionalization — a trend that appears to be accelerating despite short-term market turbulence.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
