Looks like Metaplanet isn’t playing around in the Bitcoin game. The Japanese investment firm just added another 1,112 BTC to its stash, tipping its total holdings to a whopping 10,000 BTC. That’s enough to surpass Coinbase, which is sitting pretty with 9,267 BTC. Take that, Coinbase!

In my opinion, Metaplanet is clearly setting the stage to make some serious waves in the crypto world. On Monday, Metaplanet made the announcement that it’d purchased a fresh batch of Bitcoin for a cool 16.88 billion Japanese yen, or $117 million. At this rate, they’re certainly not shy about splashing the cash to build a Bitcoin empire.

Metaplanet's Strategy Gets a Major Revamp

Let’s take a minute to appreciate the numbers here. The firm’s average price for the 10,000 BTC now sits at 13.9 million yen, which is about $96,400 per coin.

That’s quite the investment, but it doesn’t end there. Two weeks ago, Metaplanet was the eighth-largest Bitcoin holder, and now it’s officially number seven. The firm has big plans, folks. By 2027, they want to hold a massive 210,000 BTC. You heard that right, another 200,000 BTC over the next 18 months. They’re aiming for the moon!

How does Metaplanet plan to fund this Bitcoin spree? Easy. They just issued $210 million in no-interest bonds. I believe this is a bold move, signaling that they’re all-in on Bitcoin and ready to double down on their strategy.

And, surprise, surprise, their stock price followed suit. Metaplanet’s shares (3350T) surged over 22% on Monday, reaching 1,895 yen on the Tokyo Stock Exchange. On top of that, the firm’s stock has skyrocketed more than 417% this year. Talk about a comeback!

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Metaplanet Inc stock price, Source: Google Finance

Institutional Demand - Still Hot, Even After a Dip

Despite Bitcoin’s recent rollercoaster ride (the price fell from $110,000 to $103,000 in just three days), institutional demand is still strong. Michael Saylor, co-founder of Strategy, said his firm plans to buy more BTC, regardless of the geopolitical tensions causing the dip.

And it’s not just Saylor, Bitcoin exchange-traded funds (ETFs) saw net inflows of over $1.3 billion last week alone. Institutional investors are clearly not backing down anytime soon.

So, what’s next for Bitcoin? According to Bitwise Asset Management CEO Hunter Horsley, Bitcoin has the potential to take on the $30 trillion treasuries market. No big deal, right? It seems the Bitcoin revolution is just getting started, and Metaplanet is already ahead of the game.

Let’s just say: Metaplanet's move is one to watch.

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