Metaplanet hits 10,000 BTC holdings, overtakes Coinbase Global with latest 1,112 Bitcoin purchase

Shares of Metaplanet jumped more than 17% after the Japanese investment firm announced the acquisition of 1,112 BTC, raising its total holdings to 10,000 BTC — surpassing the amount held by Coinbase Global.

On Monday, Metaplanet CEO Simon Gerovich wrote on X that it acquired an additional 1,112 BTC for $117.2 million at an average price of $105,435 per Bitcoin. This boosted its total holdings to 10,000 BTC.

Data from Bitcointreasuries.net shows Coinbase Global holds 9,267 BTC, indicating that Metaplanet's latest purchase has pushed it ahead of the crypto exchange.

Also on Monday, the company disclosed that its board of directors approved the issuance of its 18th series of ordinary bonds worth $210 million to EVO Fund with their maturity date set for Dec. 12, 2025. "The funds raised are scheduled to be allocated toward the purchase of Bitcoin," the company said.

Upon the announcements, Metaplanet's stock surged 17.23% to 1,769 yen as of 11:30 a.m. in Japan, according to Yahoo Finance data . Its stock price has risen over 408% since the beginning of this year.

Earlier this month, the company, which began its Bitcoin acquisition strategy in April 2024, announced a revised target to hold over 210,000 BTC by the end of 2027, referencing a goal of holding 1% of the total Bitcoin supply.

To support this goal, Metaplanet unveiled plans on June 6 for a $5.4 billion equity offering to purchase additional Bitcoin, intending to issue 555 million shares over the next two years. On June 2, the company said it purchased an additional 1,088 BTC , bringing its total holdings to 8,888 BTC.

Strategy, led by Michael Saylor, continues to top the global list with total holdings of 582,000 BTC following its acquisition of 1,045 BTC last week.