Japanese investment firm Metaplanet has officially surpassed Coinbase to become the seventh-largest publicly traded company holding Bitcoin, after purchasing an additional 1,112 BTC. The acquisition brings Metaplanet’s total Bitcoin treasury to 10,000 BTC, according to data from Bitbo.
Metaplanet announced on Monday that it acquired the latest Bitcoin tranche for 16.88 billion Japanese yen (around $117 million). This puts the firm ahead of Coinbase, which holds 9,267 BTC. The average cost basis for Metaplanet’s Bitcoin holdings now stands at approximately 13.9 million yen, or $96,400 per BTC.
The purchase coincides with Metaplanet’s board approving a new fundraising initiative via no-interest bonds. The company aims to raise up to $210 million through these instruments, explicitly earmarking the proceeds for further Bitcoin purchases.
Metaplanet’s Aggressive Long-Term Bitcoin Strategy
The move is part of a broader, aggressive Bitcoin accumulation strategy. Just two weeks ago, Metaplanet became the eighth-largest corporate holder of Bitcoin. The firm now targets a total of 210,000 BTC by the end of 2027—200,000 more than its current holdings—signaling a long-term commitment to the digital asset.
Investor sentiment responded swiftly. Metaplanet’s shares (3350T) surged more than 22% on Monday on the Tokyo Stock Exchange, reaching a high of 1,860 yen. Year-to-date, the stock has skyrocketed over 417%, largely fueled by its Bitcoin-focused strategy.
Metaplanet’s bullish stance marks a notable shift in how traditional firms are approaching digital assets, pushing the boundaries of corporate treasury strategies in the crypto space.
Michael Saylor’s Strategy Buys $1B in Bitcoin Amid Geopolitical Tensions
Strategy, led by Michael Saylor and recognized as the largest corporate holder of Bitcoin, has announced a significant new purchase of 10,100 BTC worth $1 billion. The acquisition, disclosed on Monday, was made during the week ending June 15, as global markets reacted to escalating tensions in the Middle East.
The company said it bought Bitcoin at an average price of $104,080 per coin. This move came as BTC prices slid from $110,000 on June 9 to a low of $103,639 following reports of Israeli strikes on Iranian nuclear facilities.
Strategy Growing Bitcoin Treasury to Over 592,000 BTC
This is Strategy’s second BTC acquisition in June. With the latest purchase, the firm now holds a staggering 592,100 BTC, acquired for approximately $41.8 billion at an average cost of $70,666 per coin.
The acquisition aligns with Strategy’s aggressive Bitcoin accumulation strategy and reflects its continued conviction in BTC as a treasury reserve asset, especially during global financial uncertainty.
The announcement comes days after the company launched trading of its third Bitcoin-backed preferred stock—STRD—on Nasdaq. Through STRD, Strategy aims to raise $250 million via an initial public offering of 2.5 million shares of its 10% Series A Perpetual Stride Preferred Stock, priced at $100 per share.
Proceeds from the offering are earmarked for further Bitcoin purchases, reinforcing Strategy’s position as a dominant corporate buyer in the crypto market.
BTC Yield Surges as Strategy Eyes 25% YTD Goal
Strategy’s latest Bitcoin acquisition has also propelled its BTC yield higher. The firm reported a year-to-date BTC yield of 19.1%, up from 17.1% following its earlier June 9 purchase of 1,045 BTC. The quarter-to-date yield now stands at 7.4%.
The yield metric reflects the percentage gain in the market value of its BTC holdings and is a key performance benchmark for the company. Strategy is now edging closer to its revised 2025 YTD yield target of 25%, an increase from its previous goal of 15% set before May 1.
This yield-driven strategy not only reflects investor confidence but also positions the firm as a bellwether in corporate Bitcoin adoption.
