Metaplanet Overtakes Coinbase With 10K BTC, Becomes No. 9 Bitcoin Holder
Metaplanet (3350), a Japanese company aggressively accumulating Bitcoin, has significantly expanded its holdings. Their recent acquisition of 1,112 BTC for $117.2 million, at an average price of $105,435 per coin, propels them to the ninth-largest Bitcoin holder among publicly traded companies, surpassing Coinbase (COIN). This purchase brings their total Bitcoin stash to 10,000 BTC, representing a cumulative investment of approximately $947 million with an average acquisition cost of $94,697 per BTC. The company embarked on this Bitcoin accumulation strategy in April 2024.
Metaplanet’s strategy is noteworthy for its consistent and substantial Bitcoin purchases. To fuel this growth, the company issued $210 million in zero-percent ordinary bonds, demonstrating a strong commitment to their Bitcoin investment strategy. This aggressive approach has been met with positive market response, resulting in a 26% increase in share price, closing at 1,895 yen on Monday following the announcement.
A key performance indicator for Metaplanet is its “Bitcoin yield,” a proprietary metric calculating the percentage change in the ratio of total Bitcoin holdings to fully diluted shares outstanding. This metric showcases the remarkable success of their Bitcoin investment:
- Q3 2024 (July-September): 41.7% increase
- Q4 2024 (October-December): A staggering 309.8% increase
- Q1 2025 (January-March): 95.6% increase
- Q2 2025 (April-June 16): 87.2% increase
These impressive figures highlight the substantial returns generated by Metaplanet’s Bitcoin strategy. The company’s unwavering commitment to Bitcoin, coupled with its innovative approach to financing further acquisitions and the positive market reaction, positions Metaplanet as a significant player in the corporate Bitcoin space. The success of this strategy warrants close observation by other publicly traded companies considering similar investments. The data on BitcoinTreasuries.com confirms Metaplanet’s current ranking among publicly traded companies holding Bitcoin.
