#MetaplanetBTCPurchase #MetaplanetBTCPurchase Metaplanet’s Bitcoin holdings hits 10,000 BTC, beating Coinbase.

Metaplanet’s stock surged over 20% after announcing its latest Bitcoin buy and a $210 million bond issuance to buy even more.

Japanese investment firm Metaplanet’s latest 1,112 Bitcoin purchase has finally tipped its total Bitcoin holdings to 10,000 BTC, surpassing Coinbase as the seventh-largest publicly traded company with a Bitcoin treasury.

On Monday, Metaplanet announced that it had purchased the Bitcoin stack for 16.88 billion Japanese yen ($117 million). The firm now holds 10,000 Bitcoin, beating Coinbase’s 9,267 Bitcoin, according to data from Bitbo.

The average price of Metaplanet’s 10,000 BTC now stands at 13.9 million Japanese yen, approximately $96,400 per Bitcoin.

It comes just two weeks after Metaplanet became the eighth-largest corporate holder of Bitcoin.

Metaplanet issues $210M bonds to buy Bitcoin.

It came the same day Metaplanet announced that its board of directors had resolved to issue $210 million via no-interest bonds, and that it raised that figure to buy more Bitcoin.

The firm has drastically revised its Bitcoin strategy in recent months and now intends to hold 210,000 BTC by the end of 2027. So far, Metaplanet has completed the purchase of 10,000 BTC and will need to buy an additional 200,000 BTC over the next 18 months.

Metaplanet stock rallies over 20%

The back-to-back announcement has seen the price of Metaplanet’s share soar drastically over the day.

Metaplanet’s stock (3350T) rallied over 22% on Monday on the Tokyo Stock Exchange, peaking at 1,860 Japanese yen. Metaplanet’s stock has seen an uptick of more than 417% year-to-date.

Institutional demand still going strong.

Despite the recent crash, where Bitcoin dropped from $110,000 to $103,000 in a span of three days due to geopolitical tensions, demand from institutional investors has remained steady.$BTC