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Metaplanet has accelerated its Bitcoin acquisition strategy, surpassing its 2025 target of 10,000 BTC within just six months and overtaking Coinbase as a top public holder.
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The company invested $117.2 million for 1,112 BTC recently, achieving an impressive 266.1% yield year-to-date in 2025, signaling strong returns on its crypto treasury.
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According to CEO Simon Gerovich, Metaplanet plans to expand its Bitcoin holdings to 1% of the total supply by 2027, supported by a $5.4 billion share issuance, marking Asia’s largest public equity capital raise for crypto acquisition.
Metaplanet surpasses Coinbase by acquiring 10,000 BTC in six months, targeting 1% Bitcoin supply ownership by 2027 through a $5.4B share issuance.
Metaplanet Surpasses Coinbase, Achieves 10,000 BTC Acquisition Ahead of Schedule
In a remarkable display of strategic capital deployment, Metaplanet has completed its ambitious goal of acquiring 10,000 Bitcoins well ahead of its 2025 deadline. The firm’s latest purchase of 1,112 BTC at an average price of $105,435 per coin pushed its total holdings beyond Coinbase’s 9,267 BTC, positioning Metaplanet as the 9th-largest publicly traded Bitcoin holder globally. This milestone reflects the company’s aggressive yet calculated approach to building a substantial Bitcoin treasury, leveraging market conditions to maximize yield.
Funding Strategy and Future Acquisition Targets Highlight Long-Term Vision
Metaplanet’s recent approval to issue $210 million in zero-coupon ordinary bonds underscores its commitment to sustained Bitcoin accumulation. These bonds, maturing in December 2025, will directly finance further purchases, aligning with the firm’s escalated acquisition targets. The company now aims to hold 30,000 BTC by the end of 2025, 100,000 BTC by 2026, and ultimately 210,000 BTC by 2027—equivalent to 1% of Bitcoin’s total supply. To support this, Metaplanet plans a landmark $5.4 billion equity raise through the issuance of 555 million shares, marking Asia’s largest public capital raise dedicated to Bitcoin investment.
Institutional Demand and Market Implications of Metaplanet’s Expansion
The surge in Metaplanet’s Bitcoin holdings reflects a broader trend of institutional adoption, where companies increasingly view Bitcoin as a strategic reserve asset. This shift has been fueled by Bitcoin’s perceived store of value properties and potential hedge against inflation. However, industry experts caution that aggressive accumulation strategies, especially those involving leverage, may introduce systemic risks. Sygnum, a notable digital asset bank, recently highlighted concerns regarding insolvency risks linked to leveraged positions. Additionally, the concentration of Bitcoin in large holders like Metaplanet could raise questions about market decentralization and liquidity dynamics.
Market Response and Strategic Positioning
Metaplanet’s rapid ascent in Bitcoin holdings has not gone unnoticed by the crypto community and investors. The firm’s transparent communication, including CEO Simon Gerovich’s public disclosures, has bolstered confidence in its strategic direction. By positioning itself as “Japan’s MicroStrategy,” Metaplanet is setting a precedent for Asian institutional investors to engage deeply with cryptocurrency markets. The company’s methodical approach—combining bond issuance, equity capital raises, and disciplined purchasing—demonstrates a sophisticated model for corporate Bitcoin treasury management.
Conclusion
Metaplanet’s achievement of acquiring 10,000 BTC within six months exemplifies a bold and well-executed strategy in the evolving landscape of institutional Bitcoin investment. With plans to expand holdings to 1% of total Bitcoin supply by 2027, backed by substantial capital raises, the firm is poised to influence market dynamics significantly. While this aggressive accumulation highlights growing institutional confidence, it also invites scrutiny regarding market concentration and financial risk management. Investors and market participants should monitor Metaplanet’s progress closely as it navigates the complexities of large-scale Bitcoin treasury management.
