#MetaplanetBTCPurchase

Japanese investment firm Metaplanet (JP:3350) now owns 10,000 Bitcoin. That’s more than Coinbase. That’s more than Tesla. And it might just be the beginning.

The company announced on Monday it had scooped up another 1,112 BTC for 16.88 billion yen (roughly $117 million), putting its total holdings past the 10K mark. According to Bitbo data, that leapfrogs Coinbase’s stash of 9,267 BTC, making Metaplanet the seventh-largest corporate holder of Bitcoin in the world.

Metaplanet’s stock surged over 22% on the Tokyo Stock Exchange, closing the day at 1,860 yen. Year-to-date, the stock has exploded over 417%, largely on the back of its aggressive Bitcoin strategy.

The company’s rise mirrors a growing narrative: traditional businesses embracing Bitcoin not just as a hedge, but as a balance sheet backbone.