Metaplanet Surpasses Coinbase as World’s 7th-Largest Public Bitcoin Holder After Major BTC Purchase

Japanese investment firm Metaplanet has cemented its position as a leading institutional investor in Bitcoin by surpassing 10,000 BTC in total holdings, overtaking Coinbase to become the seventh-largest publicly traded Bitcoin holder. This milestone was reached with a recent purchase of 1,112 BTC valued at $117 million, funded by issuing $210 million in zero-interest bonds—a rare strategy among Japanese corporates. Metaplanet aims to further expand its Bitcoin stash to 210,000 BTC by the end of 2027, signaling its deep institutional commitment. The company’s aggressive and transparent acquisition approach has boosted investor confidence, exemplified by a 22% share price surge on the purchase announcement and year-to-date gains of over 430%. The approach is part of a broader trend of institutional adoption, with global crypto investment products seeing $1.9 billion in inflows last week, hitting fresh annual highs. Despite warnings from analysts about shareholder dilution risk if Metaplanet’s stock trades below the net asset value of its Bitcoin holdings, strong appetite for Bitcoin and other crypto assets persists. The ongoing expansion by major firms like Metaplanet and continued institutional inflows point to resilient bullish sentiment, even amid market volatility driven by geopolitical tensions. Metaplanet’s move may set a precedent for Asian corporates, potentially fueling further institutional demand and enhancing long-term Bitcoin market stability.