Metaplanet, a Japanese investment firm, has reached an important milestone by surpassing Coinbase in Bitcoin holdings, highlighting the growing interest of institutional investors in cryptocurrencies.
Achievement of 10,000 BTC Target
Metaplanet confirmed that it has reached its Bitcoin inventory goal by acquiring 10,000 BTC. The company's CEO, Simon Gerovich, announced the purchase of 1,112 BTC on his official Twitter account on June 11, 2025. This achievement makes Metaplanet the ninth-largest Bitcoin holder in the public market.
Market Response to the News
Following the announcement of the acquisition, Metaplanet's shares increased by 22%. The company had previously issued Series 18 bonds, raising $210 million earmarked for Bitcoin purchases. The market positively responded to the company's program, with share prices doubling over the past month.
Impact on Institutional Investments
Historically, large-scale Bitcoin purchases have enhanced confidence among institutional buyers. Metaplanet's decision to acquire Bitcoin could encourage other institutions to participate in cryptocurrency markets. It is anticipated that the involvement of significant institutional players will drive technological and market developments in this sector.
Metaplanet's achievement in Bitcoin presents an opportunity for further institutional support of cryptocurrencies, and this event may have long-term implications for the market.
