Metaplanet invests $117 million and reaches 10,000 BTC

Japanese investment firm Metaplanet announced that it has reached its short-term goal of holding 10,000 Bitcoin, following a recent acquisition of 1,112 BTC worth approximately $117 million. The purchase was made at an average price of $105,405 per coin.

With this move, Metaplanet has overtaken Coinbase in the ranking of publicly listed companies with the largest Bitcoin reserves. At the beginning of 2025, the company held less than 5,000 BTC, but managed to double its holdings within six months.

Despite reaching this milestone, Metaplanet has no plans to slow down its accumulation strategy. The board of directors has approved the issuance of $210 million in zero-interest ordinary bonds to EVO Fund. These Series 18 bonds, maturing in December 2025, are intended exclusively for additional Bitcoin purchases.

Metaplanet has set ambitious accumulation targets: 30,000 BTC by the end of 2025, 100,000 BTC by 2026, and 210,000 BTC by 2027. The company’s aggressive strategy further signals its confidence in Bitcoin as a long-term treasury reserve asset.