Metaplanet Outpaces Coinbase in Bitcoin Holdings After Early Target Achievement
Metaplanet Inc., a Tokyo-listed company, has made headlines by surpassing its 2025 Bitcoin accumulation target six months ahead of schedule. The firm recently acquired an additional 1,112 BTC for $117.2 million, bringing its total holdings to over 10,000 BTC. This milestone positions Metaplanet ahead of Coinbase Global, which currently reports 9,267 BTC in its treasury. The purchase was financed through a $210 million zero-interest bond issuance to EVO Fund, with all proceeds earmarked for Bitcoin acquisitions. This strategic move underscores Metaplanet''s bullish stance on Bitcoin and its commitment to integrating digital assets into its financial strategy. The news has positively impacted the company''s stock, reflecting growing investor confidence in its cryptocurrency endeavors.
Metaplanet Surpasses Bitcoin Accumulation Target Early, Stock Soars
Metaplanet Inc., a Tokyo-listed company, has accelerated its Bitcoin acquisition strategy by purchasing an additional 1,112 BTC for $117.2 million, reaching its 2025 target of 10,000 BTC six months ahead of schedule. The firm now holds more Bitcoin than Coinbase Global, which reports 9,267 BTC in its treasury.
The purchase was financed through a $210 million zero-interest bond issuance to EVO Fund, with all proceeds earmarked for further bitcoin acquisitions. Metaplanet''s aggressive accumulation strategy has propelled its stock price up 22% following the announcement, marking a 193% surge over the past month.
CEO Simon Gerovich announced the milestone on social media platform X, alongside revised targets: 100,000 BTC by 2026 and 210,000 BTC by 2027. The company expects minimal earnings impact from the transaction, signaling confidence in its long-term Bitcoin strategy.
Metaplanet Surpasses Coinbase in Bitcoin Holdings with Aggressive Accumulation Strategy
Japanese investment firm Metaplanet has overtaken Coinbase in Bitcoin holdings, now possessing 10,000 BTC—more than Coinbase''s 9,267 BTC and Tesla''s stash. The company recently acquired an additional 1,112 BTC for $117 million, solidifying its position as the seventh-largest corporate holder globally.
Metaplanet''s ambitions extend far beyond its current holdings. The firm plans to issue $210 million in zero-interest bonds to fund further Bitcoin purchases, targeting a staggering 210,000 BTC by 2027. At its current cost basis of $96,400 per coin, Metaplanet is positioning itself as a major player in institutional crypto adoption, potentially rivaling MicroStrategy''s influence.
Crypto Products See $1.9B Weekly Inflows as Bitcoin Dominates
Cryptocurrency investment products recorded $1.9 billion in inflows last week, marking the ninth consecutive week of net inflows. Year-to-date totals now stand at a record $13.2 billion, with global crypto assets under management surpassing $179 billion.
Bitcoin led the charge with $1.3 billion in inflows, capturing 70% of the total. ethereum followed with $583.3 million, while XRP saw a modest $11.8 million inflow. The figures reflect growing institutional interest in digital assets as portfolio diversifiers.
BlackRock''s U.S. ETFs dominated the capital flows, accounting for nearly 70% of weekly inflows. Other issuers including Grayscale, Fidelity, and ARK 21Shares trailed significantly behind. The iShares IBIT Bitcoin ETF, launched in partnership with Coinbase, has become the fastest-growing ETF in history with $70 billion in assets under management.
CoinShares Joins Solana ETF Race with SEC Filing
CoinShares has entered the competitive arena for a solana ETF, filing a Form S-1 with the U.S. Securities and Exchange Commission. The proposed fund would track SOL''s price and incorporate staking rewards, leveraging custodial services from Coinbase Custody and BitGo Trust.
The move positions CoinShares alongside asset managers like VanEck and Fidelity in seeking regulated exposure to Solana. Staking arrangements remain unspecified, though the firm confirmed rewards WOULD accrue to the trust—potentially boosting investor returns.
Solana''s inclusion in the ETF spotlight reflects growing institutional recognition of alternative layer-1 blockchains. The filing arrives as regulators scrutinize crypto investment vehicles following Bitcoin and Ethereum ETF approvals.
Coinbase and Gemini Poised for EU Regulatory Approval Under MiCA Framework
Coinbase and Gemini are nearing regulatory approval in the European Union under the Markets in Crypto-Assets (MiCA) regulation, positioning them as early entrants into the EU''s unified crypto market. Gemini is expected to receive authorization from Malta, while Coinbase is likely to secure its license through Luxembourg.
The MiCA framework, now in effect, establishes a comprehensive regulatory regime for digital assets across all 27 EU member states. This eliminates the previous patchwork of national rules and creates a single market for crypto services.
The approvals would mark a significant expansion for both U.S.-based exchanges into Europe''s regulated crypto economy. Luxembourg''s selection as Coinbase''s EU hub reflects its reputation as a financial center for institutional capital and strategic decision-making.