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Metaplanet Overtakes Coinbase With 10K BTC, Becomes No. 9 Bitcoin Holder
The Tokyo-based company bought another 1,112 BTC for $117.2 million.
Updated Jun 16, 2025, 2:09 p.m. Published Jun 16, 2025, 8:08 a.m.
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What to know:
- Metaplanet has accumulated 10,000 BTC for a total investment nearing $947 million.
- A $210 million bond issuance and consistently strong BTC Yield performance signal Metaplanet’s commitment to bitcoin as a core asset.
Metaplanet (3350), the Japanese company that's committed to buying bitcoin , boosted its holdings to 10,000 BTC, overtaking crypto exchange Coinbase (COIN) to now own the ninth-largest stash among publicly traded companies.
The Tokyo based company bought 1,112 BTC for $117.2 million at an average price of $105,435 per bitcoin, CEO Simon Gerovich posted on X. The purchase lifted its holdings above Coinbase's 9,267, according to data on BitcoinTreasuries.com.
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As of June 16, Metaplanet’s cumulative bitcoin investment stands at roughly $947 million, with an average acquisition cost of $94,697 per BTC. It started down the bitcoin accumulation path in April 2024.
A standout metric in Metaplanet’s performance is its bitcoin yield, a proprietary measure that tracks the percentage change in the ratio of total BTC holdings to fully diluted shares outstanding. The company has recorded strong figures in recent quarters:
- Q3 2024 (July to September): 41.7%
- Q4 2024 (October to December): 309.8%
- Q1 2025 (January to March): 95.6%
- Q2 2025 to date (April to June 16): 87.2%
To fund additional BTC purchases, Metaplanet issued $210 million in zero-percent ordinary bonds. Market response to the company’s aggressive bitcoin strategy has been positive, with shares closing 26% higher on Monday, reaching 1,895 yen.
