#MetaplanetBTCPurchase đ What Did They Buy?
June 16, 2025: Acquired 1,112âŻBTC (~$117âŻmillion at ~$105,435/BTC), bringing total holdings to 10,000âŻBTC, surpassing Coinbase in public corporate Bitcoin reserves .
Financing came from:
A ÂĽ33âŻbillion ($210âŻmillion) zero-interest bond issuance aimed at crypto purchases .
Metaplanetâs average cost per BTC: $94,697, with investment totalling ~$947âŻmillion .
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đ Why It Matters
Theyâre now the 7th-largest publicly traded Bitcoin holder, outpacing Coinbase and closing in on others like Tesla and HutâŻ8 .
Their ambition: accumulate 210,000âŻBTC by endâ2027, roughly 1âŻ% of total Bitcoin supply .
Their stock jumped ~17âŻ% following the latest buy, reflecting strong investor enthusiasm .
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đ Strategic Snapshot
Metric Details
BTC holdings 10,000âŻBTC
Average cost ~$94,700/BTC
Total invested ~$947âŻmillion
Current value ~$1.05âŻbillion based on ~$105k/BTC
Primary funding Equity and zeroâinterest bonds
Target 210kâŻBTC by endâ2027 (~1% of total supply)
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đ§ Bottom Line
Metaplanet is executing a full-scale pivotâfrom hotels to being a Bitcoin treasury vehicle. With aggressive capital raises and strategic purchases, they've leapfrogged major institutions like Coinbase. Itâs a bold bet, and if Bitcoin continues rising, they stand to benefit. But with that comes exposure to crypto volatility, heavy use of leverage, and reliance on capital markets.
Want to dive deeperâe.g., bond financing details, founder commentary, how this compares to MicroStrategy/âStrategyââjust let me know!
