Japan’s Metaplanet Surpasses Coinbase, Boosting Holdings to 10,000 BTC

In a groundbreaking move that continues to shake the financial and cryptocurrency worlds, Japan’s Metaplanet Inc. has purchased an additional 1,112 Bitcoin (BTC), increasing the total Bitcoin holding of the company from 8,888 to 10,000 Bitcoin. This latest acquisition, valued at approximately $117 million (¥16.88 billion), is a significant milestone for the Tokyo-based bitcoin treasury company, propelling it ahead of major crypto exchange Coinbase in terms of Bitcoin holdings. Coinbase currently holds 9,267 BTC.

Metaplanet, widely regarded as Japan’s “MicroStrategy equivalent,” is steadily rising as one of the world’s leading corporate Bitcoin holders. This latest purchase not only emphasizes the company’s belief and commitment to make Bitcoin their core treasury reserve asset, but also highlights its presence on the map as the 7th largest public company in Bitcoin holding globally.

A Strategic Leap in Bitcoin Accumulation

The acquisition of 1,112 BTC on June 16, 2025, by Metaplanet follows closely behind another purchase of 1,088 BTC for approximately $117.3 million on June 2, 2025. These continuous purchases mirror MicroStrategy’s accumulation of Bitcoin in recent years and have significantly strengthened the company’s digital asset portfolio.

As of June 16, 2025, this back-to-back purchase strategy has propelled Metaplanet to the 7th-largest public company in terms of Bitcoin holdings, surpassing not only Coinbase but also other tech and financial giants in the crypto investment landscape. Metaplanet’s overall investment in Bitcoin is approximately ¥139.152 billion (roughly $960 million), with an average purchase price of ¥13,915,230 per Bitcoin, approximately $96,000 per Bitcoin.

Institutional Confidence in Bitcoin’s Future

Metaplanet’s recent moves reflect its commitment to Bitcoin as a treasury reserve asset rather than holding capital in cash or traditional assets. This mirrors similar trends observed in the U.S., where companies such as MicroStrategy and Tesla have also added Bitcoin to their balance sheets as a hedge against inflation and fiat currency depreciation.

Interestingly, Metaplanet’s strategy appears unusual and rare for an Asian firm, especially a Japanese firm, given their traditionally conservative stance as regards digital assets such as Bitcoin, which is still viewed as volatile by many institutions, especially in Asia. As a result, most choose to hold their treasury assets in cash or government bonds. If successful, this move may influence other Asian companies to follow this approach.

Details of the Purchase

The company’s most recent purchase was completed at an average price of ¥15,182,668 per bitcoin. The total cost of acquisition amounted to approximately 16.883 billion Japanese yen, equivalent to roughly $117 million, making it one of the largest single purchases by a Japanese company to date.

Bitcoin’s recent price surge above $100,000 has further sparked corporate interest, particularly among firms looking to diversify their assets in response to volatile global markets and rising inflation. Bitcoin is increasingly viewed not just as a hedge, but as a corporate treasury asset in the future.

Surpassing Coinbase and What It Means

Surpassing Coinbase, a leading global crypto exchange, is a symbolic milestone for Metaplanet. It not only signifies a shift in the balance of Bitcoin holdings but also emphasizes the emergence of non-exchange entities as dominant players in the crypto ecosystem.

Coinbase, despite its massive user base and trading volume, now holds fewer Bitcoins compared to Metaplanet. Metaplanet’s leap ahead emphasizes the difference between companies that operate in the crypto space and those that invest in it with conviction.

Conclusion

As the world struggles with inflation, fiat instability, and de-dollarization trends, corporations are increasingly looking to Bitcoin for growth and security. With Bitcoin recently crossing the $100,000 mark, more publicly traded companies may follow Metaplanet’s lead in making Bitcoin a strategic reserve asset.

This landmark move not only signals a shift in the Japanese financial landscape but also offers an indication of a future where Bitcoin plays a foundational role in corporate finance. Whether this trend will gain further traction across Asia remains to be seen, but Metaplanet has certainly made its mark—and the rest of the world is watching.