Metaplanet Overtakes Coinbase as Top Bitcoin Holder

Metaplanet, a Tokyo-based investment firm, announced on June 16, 2025, that it has become the ninth largest public Bitcoin holder by acquiring 10,000 BTC. This acquisition positions Metaplanet ahead of Coinbase, previously holding 9,267 BTC.

Metaplanet’s massive Bitcoin purchase signals its commitment to leveraging digital assets as a strategic reserve. This move reinforces the institutionalization of Bitcoin, reflecting positively in Metaplanet’s stock performance and influencing market sentiment.

Metaplanet strategically acquired a significant Bitcoin holding of 10,000, elevating it above Coinbase. CEO Simon Gerovich emphasized the investment’s scale, reflecting the firm’s aggressive BTC acquisition since April 2024. Their total BTC investment amounts to approximately $947 million.

“As of 6/16/2025, we hold 10,000 acquired for ~$947 million at ~$94,697 per Bitcoin.” — Simon Gerovich, CEO, Metaplanet

Metaplanet’s decision led to its stock rising 17% post-announcement. The firm also approved a $210 million zero-interest bond and announced a $5.4 billion equity offering for further BTC acquisitions. This proactive strategy highlights the growing institutional adoption of Bitcoin.

The acquisition elevates demand for BTC, potentially stabilizing prices due to institutional buy-side pressure. Other assets like ETH remain unaffected as Metaplanet focuses solely on Bitcoin. This strategic focus mirrors past trends seen with MicroStrategy, promoting stability and market legitimacy.

Financial trends and regulatory developments could affect the cryptocurrency ecosystem. If Metaplanet’s strategy is successful, it could lead to more businesses adopting Bitcoin as a reserve asset. Historical precedents show price appreciation and increased stability in similar scenarios. This marks a continued trend of integrating digital assets into institutional portfolios.