Metaplanet Skyrockets 22% as Bitcoin Treasury Hits 10,000 BTC – A Corporate Hodl Masterclass

Tokyo-listed Metaplanet just schooled traditional finance—again. Shares surged 22% after announcing their Bitcoin treasury crossed the 10,000 BTC threshold. Who needs bonds when you''ve got digital gold?

The Bitcoin Standard: Corporate Edition

While legacy firms fiddle with bond yields, Metaplanet''s balance sheet now mirrors a crypto whale''s cold wallet. The 10,000 BTC milestone proves their 2024 pivot wasn''t just hype—it''s a full-scale treasury overhaul.

Short Squeeze or Strategic Genius?

Traders got caught flat-footed as the announcement triggered a buying frenzy. Analysts whisper this could pressure other Japanese firms to allocate—or risk looking like Web2 dinosaurs.

One hedge fund manager grumbled: ''They''re treating Bitcoin like a strategic reserve asset. Absurd... until it works.'' Meanwhile, Metaplanet''s CFO is probably polishing their ''Bitcoin Treasury Manager of the Year'' award.

TLDR

• Metaplanet purchased 1,112 Bitcoin for $117.2 million, reaching its 2025 target of 10,000 BTC six months early
• The Japanese company now holds more Bitcoin than Coinbase Global, which has 9,267 BTC
• Metaplanet financed the purchase through a $210 million bond issuance to EVO Fund
• The company’s stock price jumped 22% following the announcement, with shares up 193% over the past month
• Metaplanet has revised its targets upward, now aiming for 100,000 BTC by 2026 and 210,000 BTC by 2027

Japan’s Metaplanet achieved a major milestone on June 16, reaching its 2025 target of 10,000 Bitcoin six months ahead of schedule. The Tokyo-listed company purchased 1,112 additional Bitcoin at an average price of $105,435 per coin.

*Metaplanet Acquires Additional 1,112 $BTC, Total Holdings Reach 10,000 BTC* pic.twitter.com/XlM13kQnS9

— Metaplanet Inc. (@Metaplanet_JP) June 16, 2025

The acquisition cost approximately $117.2 million and brought Metaplanet’s total bitcoin holdings to exactly 10,000 BTC. CEO Simon Gerovich announced the purchase on social media platform X.

This latest buy was funded through a new $210 million bond issuance to EVO Fund. The zero-interest bonds mature in December 2025 but can be redeemed earlier if needed.

The company stated that all funds raised through the bond will go toward purchasing more Bitcoin. Metaplanet expects minimal impact on its full-year earnings from this transaction.

Metaplanet Surpasses Coinbase in Bitcoin Holdings

With this purchase, Metaplanet now holds more Bitcoin than major cryptocurrency exchange Coinbase Global. According to Bitcoin Treasuries data, Coinbase currently holds 9,267 BTC valued at $986.78 million.

Metaplanet’s 10,000 BTC gives it 733 more coins than Coinbase. This positions the Japanese firm as Asia’s largest corporate Bitcoin holder and the eighth largest globally.

The company’s Bitcoin accumulation strategy has driven strong stock performance. Metaplanet shares surged 22% to 1,830 yen following the announcement.

Over the past month, the stock has gained 193%. The company reports a year-to-date return of 266.1% in 2025 from its Bitcoin holdings.

Revised Targets Show Growing Bitcoin Ambitions

Metaplanet has raised its Bitcoin acquisition targets after reaching the 10,000 BTC milestone early. The company originally planned to reach 21,000 BTC by 2026 under its “21 Million Plan.”

In June, the firm announced new goals of 100,000 BTC by end of 2026 and 210,000 BTC by 2027. The final target WOULD represent 1% of Bitcoin’s total supply.

To fund these purchases, Metaplanet granted EVO Fund 21 million new share rights in January. The arrangement includes five tranches with flexible pricing and no discounts.

The company also announced a $5.4 billion equity offering on June 6. This plan involves issuing 555 million shares over two years to buy more Bitcoin.

Metaplanet tracks its progress using internal metrics including BTC Yield. This measures Bitcoin held per fully diluted share and reflects both Bitcoin purchases and share issuances.

As of June 16, the current quarter’s BTC Yield was 87.2%. Previous quarters showed higher increases, including 309.8% in Q4 2024.

The company made another large Bitcoin purchase on June 2, acquiring 1,088 BTC and bringing total holdings to 8,888 BTC before the latest buy. Metaplanet has now completed its 18th Series of Ordinary Bonds to fund Bitcoin acquisitions.