Japan's Metaplanet Hits 10,000 Bitcoin, Overtakes Coinbase
Briefly

Metaplanet recently acquired 1,112 Bitcoin for $117.2 million, raising its total to 10,000 BTC and overtaking Coinbase in Bitcoin holdings. The Tokyo-based firm now has invested about $947 million in Bitcoin, reflecting a growing trend of corporate adoption, with over 150 companies collectively holding Bitcoin worth over $100 billion. Metaplanet's market value surged past ¥1 trillion ($6.9 billion) following a 26% stock increase, driven by a quarterly yield demonstrating strong performance. The company funded future purchases through $210 million in zero-percent ordinary bonds as Bitcoin's price reaches $107,032.
Metaplanet's recent acquisition of 1,112 Bitcoin has positioned it as the ninth-largest public holder, reflecting the accelerating trend of corporate Bitcoin adoption globally.
With over 150 public companies holding Bitcoin worth over $100 billion, the pace of corporate Bitcoin accumulation has reached unprecedented levels, signaling a global phenomenon.
Read at Bitcoin Magazine
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