Japanese investment company Metaplanet has recently achieved its short-term goal of acquiring 10,000 Bitcoin after purchasing 1,112 BTC for around $117 million.
The acquisition completed at an average price of $105,405 per coin, pushing Metaplanet, which passed Coinbase in the rankings of public companies with the most important Bitcoin Holdings.
The milestone means that the company doubled its BTC reserves in just six months. At the beginning of 2025, Metaplanet held below 5,000 BTC, but actively acquired around 6,000 BTC over the next period.
This rapid accumulation demonstrates the company’s deepening commitment to Bitcoin as a core financial asset.
Despite reaching a 10,000 BTC goal, Metaplanet has not slowed down. Instead, the company’s board approved a large funding move that is expected to issue $210 million to EVO funds on zero regular bonds.
These 18 Series bonds, which matured in December 2025, are designated for additional Bitcoin purchases only.
In the future, Metaplanet has set an aggressive accumulation target. It plans to hold 30,000 BTC by the end of 2025, 100,000 BTC by 2026 and an astounding 210,000 BTC by 2027.
Metaplanet’s increase assessment
Investor sentiment appears to be in strong alignment with Metaplanet’s strategy.
Following the announcement of the Bitcoin acquisition, the company’s stock rose 26% to 1,895 yen, according to data on its website.
The company’s stocks have grown almost 10,000% since adopting the Bitcoin standard, with market capitalization exceeding 1 trillion yen ($6.9 billion).
Beyond that, Crypto’s company Matrixport noted that Metaplanet’s Bitcoin Holdings is trading at sudden premiums.
According to the company, Metaplanet’s market net asset value (MNAV) is 7.23 times, with each BTC price of $759,000 at $759,000, effectively priced at seven times the spot rate.
Matrixport attributes this premium to future expectations for Bitcoin value associated with speculative demand, limited equity floats and Metaplanet’s growing holdings.
Additionally, the company also benefited from Japan’s revised tax rules, which eased restrictions on companies’ Bitcoin holdings, and labeled BTC as a reserve asset rather than speculative. As a result, local investors now view Metaplanet as a tax-efficient gateway to Bitcoin exposure.
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