Metaplanet buys 1,088 BTC and becomes 10th largest public Bitcoin holder
Metaplanet buys 1,088 more BTC, hits 8,888 milestone
Japan-based Metaplanet has bolstered its Bitcoin reserves with the acquisition of an additional 1,088 BTC, pushing its total holdings to 8,888 BTC.
According to an official statement, the company made the purchase at an average price of $107,771 per coin, amounting to roughly $117.3 million, reports BeInCrypto.
This move brings Metaplanet’s total investment in Bitcoin to $829.7 million, with an average acquisition cost of $93,354 per BTC. At current market rates, the company is sitting on an unrealized gain of approximately $102.5 million. The firm also reported a BTC yield of 95.6% in Q1 2025 and 66.3% quarter-to-date in Q2.
Top 10 Bitcoin Holder Among Public Companies
With this latest buy, Metaplanet has surpassed Block Inc. (which holds 8,584 BTC) to become the 10th-largest public holder of Bitcoin. This milestone comes just over a year since Metaplanet began accumulating BTC in April 2024, highlighting the aggressive pace of its treasury strategy.
The firm has now achieved 88.88% of its stated goal to amass 10,000 BTC by the end of 2025. CEO Simon Gerovich celebrated the symbolic milestone, stating, “8888 Bitcoin secured. A new chapter begins for Metaplanet.” The company’s pace has even eclipsed that of nation-states like El Salvador, whose BTC reserves Metaplanet overtook last month.
Corporate Bitcoin Adoption Continues to Accelerate
Metaplanet’s aggressive Bitcoin strategy reflects a broader trend of growing institutional adoption of digital assets. Strategy, formerly known as MicroStrategy, continues to lead the public market with over 580,250 BTC and has hinted at another acquisition in the pipeline.
As more firms shift part of their treasuries into Bitcoin, competition for top holder status is intensifying. These moves are reshaping corporate treasury models and signaling long-term confidence in BTC as a store of value, especially in an inflationary macroeconomic environment.
Recently we wrote that analysts warn that Bitcoin's bull run may be delayed as the asset struggles to defend its previous all-time highs from December 2024.
