Metaplanet, a Japanese investment firm, has skyrocketed to prominence by amassing 10,000 Bitcoin (BTC). With its latest purchase, the Bitcoin Treasury Company has overtaken Coinbase Global holdings of 9,267 BTC.
This bold acquisition, announced on Monday, June 16, 2025, comes at the right time for the cryptocurrency industry as bullish momentum is continuously maintained. Aside from exchanging listings and staking, institutional adoption is the next primary trigger of the overall market value of the blockchain-based economy.
Consequently, Metaplanet’s aggressive strategy reshapes corporate Bitcoin investment and sparks intense speculation. Can this acquisition lead others on to propel Bitcoin’s price past $200,000?
More importantly, could Bitcoin eventually become the world’s largest asset in terms of market capitalisation?
Let us dive into the implications, dynamics, and long-term possibilities of Metaplanet’s Bitcoin acquisition.
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Metaplanet Meteoric Rise in Bitcoin Holdings
Metaplanet is often dubbed the Japanese MicroStrategy. The treasury company has executed a relentless Bitcoin acquisition strategy since April 2024.
Initially holding just 98 BTC, the firm rapidly scaled its treasury, culminating in a $117.2 million purchase of 1,112 BTC at an average price of $105,435 per coin.
As a result, Metaplanet now holds 10,000 BTC, valued at approximately $947 million. This comes down to an average acquisition cost of $94,697 per Bitcoin.
This milestone, achieved ahead of its 2025 target, catapults Metaplanet to a new status within the cryptocurrency economy. As of Monday, June 16, 2025, Metaplanet Inc. had a market capitalisation of $7.90 billion. Despite being far from Coinbase’s market value, Metaplanet Inc. holds a larger market share than Endeavour Mining, General Insurance Corporation of India, and Nippon Building Fund.
To fund this ambitious accumulation, Metaplanet issued $210 million in zero-interest bonds, with proceeds earmarked exclusively for Bitcoin purchases.
Additionally, the firm unveiled a $5.4 billion equity offering to fuel its goal of owning 210,000 BTC—1% of Bitcoin’s total supply—by 2027.
This aggressive financial manoeuvre reinforces Metaplanet’s unwavering confidence in Bitcoin as a strategic asset.
Consequently, its stock (3350.T) surged 22% from a 1554 yen ($10.78) opening price to an intraday high, which remained the closing price of 1895 yen ($13.14) on the Tokyo Stock Exchange. Year-to-Date (YTD) gains have exceeded 443%, considering its opening day price in 2025 stood at 349 yen ($2.42). Clearly, investors are rallying behind Metaplanet’s crypto-centric vision.
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Metaplanet Acquisition and Its Impact on the Cryptocurrency World
Metaplanet’s ascent reverberates across the cryptocurrency ecosystem. The acquisition amplifies institutional confidence in Bitcoin.
First, it reinforces Bitcoin’s legitimacy as a corporate treasury asset. By surpassing Coinbase in holdings, the biggest crypto exchange by trading volume in the United States, Metaplanet demonstrates that non-crypto-native firms can dominate Bitcoin holdings.
Non-crypto native firms can challenge traditional players. This shift could inspire other corporations to emulate Metaplanet’s strategy.
In the long term, this could accelerate the mainstream adoption of not only Bitcoin and cryptocurrencies but the underlying infrastructure behind the digital currencies as well.
Moreover, Metaplanet’s success highlights Asia’s growing influence in the crypto market. As the largest public Bitcoin holder in Asia, the firm sets a precedent for regional companies to integrate digital assets into their portfolios.
For instance, Remixpoint, a Japanese energy firm, holds 333.19 BTC as a hedge against yen depreciation. Metaplanet’s bold moves could catalyse a wave of similar investments, particularly in Japan, where economic volatility fuels interest in Bitcoin as a store of value.
Furthermore, Metaplanet’s high-profile acquisitions inject optimism into the market. Institutional buying often signals bullish sentiment. This encourages retail investors and smaller institutions to follow suit.
Bitcoin exchange-traded funds (ETFs) have seen five consecutive days of net inflows, with $1.3 billion poured into the market during the week of June 9 to 13.
This sustained demand, despite Bitcoin’s recent dip from $110,000 to $103,000, accentuates the market’s resilience. Metaplanet’s actions could amplify this momentum. This could potentially stabilise Bitcoin’s price and foster long-term growth.
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Can Bitcoin Reach $200,000?
The burning question is whether Metaplanet’s acquisition could push Bitcoin’s price past $200,000. Several factors suggest this is plausible.
First, Metaplanet’s aggressive buying reduces Bitcoin’s available supply. With only 21 million BTC ever to be mined, large-scale purchases by institutions like Metaplanet and MicroStrategy (holding 582,000 BTC) tighten the market. This creates upward pressure on prices.
As supply dwindles, even modest demand spikes could trigger significant price surges.
Additionally, analysts are bullish on Bitcoin’s trajectory. VanEck and Bitwise predict Bitcoin could hit $180,000 to $200,000 in 2025, driven by increasing institutional and governmental adoption.
Joe Burnett of Unchained is more bullish than VanEck and Bitwise. The director of market research at Unchained believes BTC can reach $1.8 million by 2035. He cites Bitcoin’s potential to rival gold’s $21 trillion market capitalisation as the primary reason.
Metaplanet’s high-profile purchases, coupled with its ambitious 210,000 BTC target, could act as a catalyst, reinforcing positive sentiment and attracting more capital.
However, challenges remain when dealing with crypto assets. Bitcoin’s recent volatility, with a drop from $110,000 to $103,000 due to geopolitical tensions, highlights its sensitivity to external factors.
Nevertheless, Metaplanet’s long-term strategy, backed by innovative financing, positions it to weather market fluctuations and sustain buying pressure.
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Will More Acquisitions Like Metaplanet Push Bitcoin to Become the Largest Asset by Market Capitalisation?
Looking further ahead, can Bitcoin become the world’s largest asset by market capitalisation? Currently, gold holds the top spot with a $21 trillion market cap, while Bitcoin’s stands at approximately $2 trillion. Surpassing gold would require a ninefold increase, a daunting but not impossible feat. Several dynamics support this possibility.
First and foremost, Bitcoin’s fixed supply and decentralised nature make it a compelling alternative to traditional assets. Unlike fiat currencies, which face inflation risks, Bitcoin’s scarcity mirrors gold’s appeal as a store of value.
As Metaplanet and others accumulate BTC, this narrative strengthens, drawing in more institutional players. For example, MicroStrategy’s 582,000 BTC holdings account for 77% of corporate Bitcoin growth in 2025, setting a powerful precedent.
Secondly, global economic trends favour Bitcoin. Persistent inflation, currency devaluation, and geopolitical uncertainty drive demand for non-sovereign assets. Metaplanet’s CEO, Simon Gerovich, noted at the Bitcoin 2024 Conference that Bitcoin stabilises corporate balance sheets amid economic volatility. He believes his company’s stock is the prime stock to own in 2025.
If nations like the U.S. adopt Bitcoin as a reserve asset, as Gerovich suggests Japan might follow, demand could skyrocket, propelling Bitcoin’s market cap.
Moreover, technological advancements and regulatory clarity enhance Bitcoin’s appeal. Improved blockchain infrastructure and growing acceptance of crypto ETFs signal a maturing market. Metaplanet’s transparent strategy, coupled with its “BTC Yield” metric, provides a model for other firms to follow. This could potentially mainstream Bitcoin as a corporate asset.
Risks about the crypto market
However, risks loom large. Regulatory crackdowns, technological vulnerabilities, or a shift toward alternative cryptocurrencies could hinder Bitcoin’s ascent.
Ethereum, decentralised finance (DeFi), and non-fungible tokens (NFTs) are gaining traction, potentially diverting capital. Additionally, Bitcoin’s energy-intensive mining raises environmental concerns.
While many individual investors have turned a blind eye to this, it could deter environmental, social, and governance (ESG)-focused investors. Despite these hurdles, Bitcoin’s first-mover advantage and network effects position it as the leading contender.
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What does the future hold for Bitcoin?
Metaplanet’s 10,000 BTC milestone is a watershed moment for the cryptocurrency world.
By surpassing Coinbase, the firm highlights Bitcoin’s growing legitimacy and Asia’s rising prominence in the crypto space.
Its aggressive strategy, backed by substantial financing, could drive Bitcoin’s price toward $200,000 by tightening supply and boosting sentiment.
In the long term, Bitcoin’s path to becoming the largest asset by market capitalisation hinges on sustained institutional adoption, economic trends, and technological resilience.
As Metaplanet aims for 210,000 BTC by 2027, its actions will likely inspire other corporations, amplifying Bitcoin’s mainstream appeal.
While challenges persist, the firm’s bold vision, coupled with broader market dynamics, suggests Bitcoin could redefine global finance.
For now, Metaplanet’s surge is a clarion call: the crypto revolution is accelerating, and Bitcoin is at its forefront.
1 Comment
Great breakdown! It’s refreshing to see such a well-organised article.