Metaplanet Reaches Its 10,000-Bitcoin Treasury Target
Metaplanet bought another 1,112 BTC and brought its holdings to exactly 10,000 BTC, reaching its stated 2025 target about six months early. The milestone documented how quickly the Japanese company’s Bitcoin-treasury strategy had expanded.
On June 16, 2025, Tokyo-listed Metaplanet announced the purchase of another 1,112 BTC, bringing its total holdings to exactly 10,000 BTC. The acquisition cost roughly $117 million and pushed the company to a target it had originally set for the end of 2025. Reaching it about six months early illustrated the speed with which Metaplanet had transformed itself around a Bitcoin-treasury strategy.
The company had spent the previous year adopting methods associated with the corporate Bitcoin-treasury model: issuing securities and debt, raising capital and measuring corporate performance partly through Bitcoin-per-share metrics. On the same day as the 10,000-BTC announcement, its board also approved another large bond issuance whose proceeds were intended for additional Bitcoin purchases. The company was therefore not treating 10,000 BTC as an endpoint but as a stage in a much larger accumulation plan.
The significance of the June threshold was not simply that 10,000 is a round number. It was a previously declared annual corporate objective, and reaching it early showed how aggressively a non-U.S. public company had adopted Bitcoin as the organizing asset of its capital strategy. By mid-2025 Metaplanet had become one of the most visible examples of the corporate treasury model spreading beyond Strategy and into other public markets.