Metaplanet Buys 1,112 BTC, Edges Out Coinbase to Join Top 10 Corporate Bitcoin Holders
Japanese investment firm Metaplanet has pushed its Bitcoin holdings past the 10,000 mark, surpassing U.S.-based exchange Coinbase to become the ninth-largest publicly traded Bitcoin holder.
In a post on X (formerly Twitter), Metaplanet CEO Simon Gerovich confirmed the firm had acquired an additional 1,112 BTC for $117.2 million, paying an average price of $105,435 per coin.
The latest purchase brings Metaplanet’s total stash to 10,000 BTC, eclipsing Coinbase’s publicly disclosed 9,267 BTC, according to figures from BitcoinTreasuries.com.
Metaplanet’s aggressive accumulation strategy has turned it into one of Asia’s most closely watched corporate bitcoin whales, with its treasury policy echoing that of MicroStrategy — the largest public holder of BTC.
As institutional demand for bitcoin continues to rise globally, Metaplanet’s position signals growing confidence in BTC as a long-term strategic reserve asset.
About The Author
More Stories
Bitcoin reclaims $81,000 after stronger-than-expected CPI data, as BNB and DOGE outperform major cryptocurrencies
For the first time since March 2023, Bitcoin’s bull-bear cycle gauge has turned green.
GameStop’s $56 billion bid is rejected by eBay, shifting attention back to the company’s bitcoin holdings.