#MetaplanetBTCPurchase #MetaplanetBTCPurchase Japanese investment company Metaplanet recently purchased 1,112 Bitcoins, finally increasing its total Bitcoin holdings to 10,000 BTC and surpassing Coinbase as the seventh largest publicly traded company with a Bitcoin treasury.

On Monday, Metaplanet announced that it had purchased Bitcoin

BTC

$107,013

for 16.88 billion Japanese yen ($117 million). The company now owns 10,000 Bitcoins, surpassing Coinbase with 9,267 Bitcoins, 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.

This happened just two weeks after Metaplanet became the eighth largest corporate holder of Bitcoin.

Metaplanet issues bonds worth $210 million to purchase Bitcoin

This occurred on the same day that Metaplanet announced that its board had decided to issue interest-free bonds worth $210 million and that it had raised this amount to purchase additional Bitcoins.

The company has radically revamped its strategy regarding Bitcoin 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 another 200,000 BTC over the next 18 months.

Metaplanet's stock rose by more than 20%

The repeated announcement led to a dramatic increase in Metaplanet's stock price during the day.