Metaplanet’s $108M Bitcoin Bet Surpasses Tesla and Coinbase — Here’s Why It Matters

Move over, Elon—Tokyo's Metaplanet just flipped the script. With a $108 million Bitcoin purchase, this under-the-radar firm now holds more BTC than Tesla or Coinbase. Talk about a power play.

Why corporate treasuries are diving into crypto

Forget bonds and T-bills. Metaplanet's mega-buy signals a growing corporate appetite for Bitcoin as a hedge against fiat debasement—and a middle finger to traditional finance's 0.5% yield paradise.

The new Bitcoin whales in town

While Wall Street debates ETFs, Asian firms are accumulating actual coins. Metaplanet's stash proves institutions don't need SEC approval to go all-in on crypto—just brass ones.

Bonus jab: Meanwhile, Goldman Sachs clients are still waiting for that 'blockchain revolution' PowerPoint to render.

Source: bitcoin Treasuries

Over $200M raised for more BTC buys

In June alone, Metaplanet has made five purchases, accumulating an average of 1,000 BTC in each buy. In short, it has purchased over 5k BTC in June alone. 

Source: Metaplanet

And yet, its current stash of 13,350 BTC is still nearly 50% away from its 2025 target of 30k BTC. In short, Metaplanet holdings has a deficit of over 16k BTC to be filled in H2. 

As part of its ambitious target, the firm, on 30 June, also unveiled another bond sale worth 30 billion Japanese Yen (JPY) or about $208 million. The funds will be used to clear a previous debt (about $10M, or 1.5 billion JPY) and the rest for the BTC buying program, according to its statement. 

“Funds raised through the issuance of the new bonds will be partially allocated to the buyback and cancellation, with the remainder used for the purchase of Bitcoin.”

The latest purchase didn’t only flip Tesla and Galaxy, it also pumped Metaplanet’s stock by 10% on 30 June. 

Source: Metaplanet stock performance, TradingView 

In the first half of June, Metaplanet (MTPLF) surged by over 80% from $7.19 to $13.30.

Soon after, it retraced and stabilized at a weekend gap (white) NEAR $10. At press time, Metaplanet was trading at $11.4, with the monthly returns hitting 45% in June. On the contrary, Bitcoin has rallied by about 3% over the same period.