#MetaplanetBTCPurchase Metaplanet, a Tokyo-listed company (ticker 3350.T), is aggressively building a Bitcoin treasury. As of June 16, 2025, it has accumulated 10,000 BTC—surpassing the holdings of Coinbase—after purchasing 1,112 BTC (~¥16.9 billion or $117 million) .
Their strategy combines zero-interest bond issuances and stock warrants/equity offerings to fund large-scale purchases. The most recent $210 million bond issuance was directed toward BTC acquisition .
They aim to reach 100,000 BTC by end‑2026, up from earlier targets, and 210,000 BTC by end‑2027—representing about 1% of total Bitcoin supply .
🚀 Why It Matters
Metaplanet’s share price has surged thousands of percent since pivoting to Bitcoin—highlighting investors’ appetite for corporate BTC treasuries .
Their market valuation often trades at a premium to NAV (net asset value of BTC holdings), much like MicroStrategy’s strategy—effectively letting investors “buy Bitcoin plus a growth premium” .
By financing with debt and equity, they amplify returns—but also increase financial risk, especially if Bitcoin prices drop.