#MetaplanetBTCPurchase Metaplanet has outpaced Coinbase and with 10,000 BTC becomes the 9th largest holder of bitcoins. The company regularly buys bitcoins (BTC) and has increased its assets to 10,000 BTC, surpassing the cryptocurrency exchange Coinbase (COIN) and becoming the ninth largest company among public companies.

The Tokyo-based company purchased 1,112 BTC for $117.2 million at an average price of $105,435 per bitcoin, CEO Simon Gerovich reported on X. According to BitcoinTreasuries.com, due to this purchase, its assets exceeded 9,267 BTC on Coinbase.

An outstanding performance

indicator for Metaplanet

is the bitcoin yield,

a signature metric that

tracks the percentage

change in the ratio of the total

amount of BTC assets to

fully diluted shares

outstanding.

To finance additional BTC purchases, Metaplanet issued regular zero-coupon bonds totaling $210 million. The market's reaction to the company's aggressive strategy

regarding bitcoins

was positive: the shares

closed up 26% on

Monday, reaching 1,895 yen.