#MetaplanetBTCPurchase Metaplanet, a Japanese investment firm, has made a significant move in the crypto world by acquiring 1,112 Bitcoin (BTC) worth around $117 million. This purchase brings their total BTC holdings to 10,000, surpassing Coinbase's 9,267 BTC and ranking them 7th globally among public companies with Bitcoin treasuries.

*Key Highlights:*

- *Total Holdings:* 10,000 BTC

- *Latest Purchase:* 1,112 BTC worth $117 million

- *Ranking:* 7th globally among public companies with Bitcoin treasuries

- *Future Goal:* Targeting 210,000 BTC by end of 2027

*Strategic Move:*

Metaplanet's board has approved a $210 million zero-interest bond issuance dedicated to buying more Bitcoin. This strategic move demonstrates their long-term conviction in Bitcoin's value and potential.

*Market Reaction:*

Metaplanet's stock surged 20% to 1,860 JPY, with a year-to-date gain of 417%. Investors seem to be buying into their Bitcoin-first strategy.

*Comparison to MicroStrategy:*

Some are comparing Metaplanet's move to MicroStrategy's Bitcoin strategy, which has seen significant success. MicroStrategy's Michael Saylor recently added 11,931 BTC to their reserves, worth $786 million ¹.