Metaplanet Surpasses Coinbase in Bitcoin Holdings With Aggressive BTC Acquisition Plan and $210M Bond Issuance
Japanese investment firm Metaplanet has overtaken Coinbase to become the seventh-largest public company holding Bitcoin, increasing its reserves to 10,000 BTC after acquiring an additional 1,112 BTC for approximately $117 million. On the same day, Metaplanet approved a $210 million zero-coupon bond issuance, dedicating the full amount to further Bitcoin purchases. The company has set an ambitious target to amass 210,000 BTC by the end of 2027. Following these announcements, Metaplanet’s Tokyo-listed shares surged over 22%, bringing the year-to-date gain to more than 417%. Despite recent Bitcoin price volatility driven by geopolitical tensions, institutional demand remains strong, as evidenced by continued net inflows into Bitcoin ETFs and high-profile acquisitions from major players like Michael Saylor’s firm. Robust corporate and institutional interest is expected to offer medium- to long-term support for Bitcoin prices, signaling bullish sentiment in the crypto market.
Bullish
Metaplanet’s large-scale acquisition of Bitcoin, combined with its ambitious goal to accumulate 210,000 BTC and the $210 million bond dedicated solely to further BTC purchases, showcases robust institutional confidence in Bitcoin as a treasury asset. The strong reaction in Metaplanet’s stock price, alongside ongoing net inflows into Bitcoin ETFs and additional purchases from leading corporate holders, indicates sustained institutional demand for Bitcoin. Historically, such high-profile, large-scale acquisitions and treasury strategies by public firms have led to increased market optimism, enhanced liquidity, and medium-to-long-term price support for Bitcoin. Therefore, this news is likely to fuel bullish sentiment among crypto traders, as it highlights both fundamental demand and the willingness of major firms to allocate substantial capital into BTC, suggesting potential upward price momentum.