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Metaplanet Surpasses Coinbase in BTC Holdings With $117M Bitcoin Purchase
Japan’s Metaplanet (3350.T) has overtaken Coinbase to become the ninth-largest holder of bitcoin among publicly listed companies, after purchasing an additional 1,112 BTC for $117.2 million.
The acquisition, disclosed by CEO Simon Gerovich on social platform X, was completed at an average price of $105,435 per BTC. The buy brings Metaplanet’s total holdings to 10,000 BTC, exceeding Coinbase’s 9,267 BTC, based on figures from BitcoinTreasuries.com.
Metaplanet has pursued an aggressive bitcoin accumulation strategy in 2025, positioning itself as one of Asia’s most bitcoin-forward corporate entities. The company has continued to expand its holdings despite broader market volatility, signaling a long-term commitment to BTC as a reserve asset.
