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Metaplanet Passes Coinbase As 7th-Biggest Bitcoin Holder

by Catatonic Times
June 17, 2025
in Bitcoin
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Metaplanet’s newest Bitcoin purchase has pushed its complete holdings previous these of Coinbase, setting the stage for it to overhaul Tesla and Hut 8 subsequent.

The Japan-based funding agency mentioned earlier in the present day that it acquired a further 1,112 BTC for roughly $117 million, bringing its complete to 10,000 cash to develop into the world’s Seventh-biggest company holder of BTC.

Metaplanet is now simply 264 BTC away from Canadian mining agency Hut 9 and shutting on the 11,509 BTC held by Elon Musk’s Tesla, in keeping with information from BitBo. Coinbase holds 9,267 Bitcoin.

Main company Bitcoin holder Technique (previously MicroStrategy) nonetheless maintains a dominant place within the rankings with its reserves of 582,000 BTC. The agency’s govt chair Michael Saylor additionally lately hinted at one other buy, which, if historical past repeats, will probably be introduced later in the present day.

Metaplanet Goals For 210K BTC By 2027, Or 1% Of Bitcoin’s Complete Provide

The common buy value for the most recent acquisition was roughly $105,435 per Bitcoin, mentioned Metaplanet’s CEO Simon Gerovich in an X put up in the present day. General, the corporate’s 10K BTC holdings had been purchased for round $947 million at about $94,697 per coin, he added. 

Metaplanet goals to carry 210K BTC by the tip of 2027, or 1% of its complete provide. With the intention to obtain this aim, the corporate should purchase one other 200K Bitcoin over the following 30 months.

Metaplanet has acquired 1112 BTC for ~$117.2 million at ~$105,435 per bitcoin and has achieved BTC Yield of 266.1% YTD 2025. As of 6/16/2025, we maintain 10,000 $BTC acquired for ~$947 million at ~$94,697 per bitcoin. $MTPLF pic.twitter.com/8nmQ2RaOIF

— Simon Gerovich (@gerovich) June 16, 2025

Metaplanet’s Shares Pump 25% After Newest BTC Buy

Traders reacted positively to Metaplanet’s newest BTC acquisition, with the corporate’s share value pumping greater than 25% in the present day, in accordance to Google Finance. 

That has added to the corporate’s year-to-date acquire, which stands at greater than 430% as of two:29 a.m. EST. It has additionally pushed the full acquire over the previous 12 months to above 2,029%, after the corporate began accumulating Bitcoin in April final 12 months.

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