Metaplanet Reaches Historic 10,000 Bitcoin Milestone, Surpasses Coinbase in Corporate Holdings

Tokyo-based Metaplanet has achieved a significant milestone in corporate Bitcoin adoption, crossing the 10,000 BTC threshold with its latest acquisition of 1,112 Bitcoin worth approximately $117.2 million, CEO Simon Gerovich said.

The purchase, executed at an average price of $105,435 per Bitcoin, has propelled the company past Coinbase Global in total corporate Bitcoin holdings, marking a dramatic transformation for the Japanese firm.

The acquisition represents the culmination of an extraordinarily aggressive Bitcoin accumulation strategy that has delivered exceptional returns for shareholders. As of June 16, 2025, Metaplanet holds exactly 10,000 Bitcoin acquired for a total of approximately $947 million at an average price of $94,697 per Bitcoin, generating a remarkable Bitcoin yield of 266.1% year-to-date.

Exceptional Market Performance

The market has responded enthusiastically to Metaplanet's Bitcoin-focused strategy, with the company's stock surging 25.58% on Monday to 1,895 JPY following the latest Bitcoin purchase announcement. More impressively, the stock has delivered extraordinary year-to-date returns of 430%, reflecting investor confidence in the company's Bitcoin-centric transformation.

This performance places Metaplanet among the most successful publicly traded companies of 2025, with its Bitcoin strategy serving as the primary driver of shareholder value creation.

Record-Breaking Capital Raise

The 10,000 Bitcoin milestone follows Metaplanet's announcement of Asia's largest-ever equity raise dedicated to Bitcoin acquisition. On June 6, the company revealed plans for a ¥770.9 billion (~$5.4 billion) capital raise through the issuance of 555 million shares via moving strike warrants—a first-of-its-kind structure in Japan.

The innovative warrant structure was issued at a premium to market price, enabled by Metaplanet's high volatility profile and deep liquidity. This groundbreaking approach represents the first time a Japanese company has successfully executed such a premium-priced equity raise, demonstrating the market's strong appetite for Bitcoin exposure through Metaplanet's shares.

The latest capital raise builds upon the remarkable success of Metaplanet's "210 Million Plan," which raised ¥93.3 billion (~$650 million) in just 60 trading days. That initial fundraising effort generated exceptional results:

• Bitcoin yield of +189% during the period
• Share price more than tripled since the plan's announcement
• Rapid ascension to #10 globally in corporate Bitcoin holdings

The success of the 210 Million Plan provided the foundation for Metaplanet's current position and demonstrated the market's strong endorsement of the company's Bitcoin-first strategy.

Ambitious Future Targets

Metaplanet has set audacious goals for Bitcoin accumulation that would establish the company as one of the world's largest corporate Bitcoin holders. The company's roadmap includes targets of 100,000 Bitcoin by end-2026 (a 10x increase from current holdings within 18 months), and 210,000 Bitcoin by end-2027, representing approximately 1% of all Bitcoin that will ever exist

By surpassing Coinbase Global in Bitcoin holdings, Metaplanet has established itself as a major player in the corporate Bitcoin adoption movement. The company's success reflects broader trends in corporate Bitcoin adoption, where companies are increasingly viewing Bitcoin as a treasury reserve asset and hedge against currency debasement. However, Metaplanet's approach stands out for its scale, speed, and the innovative financing mechanisms employed to fund Bitcoin purchases.

The company's success in the Japanese market is particularly noteworthy given Japan's historically conservative approach to cryptocurrency investments. Metaplanet's ability to execute such large-scale Bitcoin purchases suggests growing acceptance of Bitcoin as a legitimate treasury asset among Japanese institutional and retail investors.