Japanese investment firm Metaplanet has officially surpassed Coinbase Global in total Bitcoin holdings after its latest acquisition pushed its balance to 10,000 BTC.
CEO Simon Gerovich announced on Monday that the company acquired 1,112 additional BTC for $117.2 million, paying an average price of $105,435 per coin. The purchase was disclosed in a post on X, signaling Metaplanet’s continued strategy of aggressive Bitcoin accumulation.
According to Bitcointreasuries.net, Coinbase Global currently holds 9,267 BTC. With this latest buy, Metaplanet now holds a larger Bitcoin treasury than the U.S.-based crypto exchange.
Alongside the Bitcoin purchase, Metaplanet revealed that its board approved the issuance of its 18th series of ordinary bonds worth $210 million to EVO Fund. The bonds are scheduled to mature on December 12, 2025.
“The funds raised are scheduled to be allocated toward the purchase of Bitcoin,” the company confirmed, underlining its commitment to long-term Bitcoin investment.
This development strengthens Metaplanet’s status as a leading corporate Bitcoin holder, following in the footsteps of other institutional heavyweights such as MicroStrategy.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/metaplanet-overtakes-coinbase-in-btc-holdings-with-latest-purchase/