#MetaplanetBTCPurchase Metaplanet surpasses Coinbase with 10,000 BTC and becomes the ninth largest holder of bitcoin

The Tokyo-based company acquired another 1,112 BTC for $117.2 million.

What you need to know:

Metaplanet has accumulated 10,000 BTC with a total investment approaching $947 million.

A bond issuance of $210 million and consistently strong yield performance in BTC demonstrate Metaplanet's commitment to bitcoin as a core asset.

Metaplanet (3350), the Japanese company that has committed to buying bitcoin, has increased its holdings to 10,000 BTC, surpassing the cryptocurrency exchange Coinbase (COIN) to now have the ninth largest reserve among publicly traded companies.