Giant Company is Progressing Towards Becoming the New MicroStrategy! Announced a $210 Million Bitcoin (BTC) Move, Leaving Coinbase Behind!

Japan's investment giant Metaplanet Inc., which is adding Bitcoin to its reserve assets and is on the way to becoming Asia's MicroStrategy, announced that it has made another Bitcoin (BTC) purchase.

Accordingly, the company announced that it acquired 1,112 BTC more, bringing its total assets to 10,000 BTC.

Metaplanet CEO Simon Gerovich stated in a post from his X account that they purchased an additional 1,112 BTC at an average price of $105,435 per Bitcoin.

"Metaplanet purchased 1112 BTC for approximately 117.2 million dollars at 105,435 dollars per Bitcoin and achieved a %266.1 BTC Return YTD in 2025.

As of 16/06/2025, we hold 10,000 BTC purchased for approximately $94,697 per Bitcoin, totaling $947 million.

With the latest purchase, the company's total assets rose to 10,000 BTC, surpassing the amount held by Coinbase Global.

With the latest Bitcoin purchase, Metaplanet shares have also recorded an increase of more than 17%.

According to a report by The Block, Metaplanet also announced that it has decided to issue a total of 210 million dollars worth of direct bonds for its fund named EVO FUND at the board meeting on June 16, 2025.

Accordingly, the revenues will be used entirely to purchase Bitcoin.

Metaplanet, which began its Bitcoin purchase strategy in April 2024, announced earlier this month that it aims to hold over 210,000 BTC by the end of 2027, targeting to hold 1% of the total Bitcoin supply.

*It is not investment advice.

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