Metaplanet Overtakes Coinbase: A New Leader in Corporate Bitcoin Holdings
A Japanese company named Metaplanet has taken the lead over Coinbase, a well-known U.S. cryptocurrency exchange, in Bitcoin holdings. This news has caught attention because it shows how businesses are starting to use Bitcoin in a big way.
Metaplanet now owns 10,000 BTC. Coinbase, on the other hand, holds 9,267 BTC in its own treasury. This article looks at how Metaplanet pulled ahead, what Coinbase is doing, and why this change matters for the cryptocurrency world.
How Much Bitcoin Do They Hold?
Metaplanet has been stacking up Bitcoin fast. According to Cointelegraph, the company reached 10,000 BTC, placing it among the top Bitcoin holders globally. Coinbase, a giant in the crypto exchange space, has 9,267 BTC, as reported by Bitcoin Treasuries. This number reflects only the Bitcoin Coinbase keeps for itself, not what its users store on the platform.
Here’s a simple breakdown:
| Company | Bitcoin (BTC) | Value (USD, June 2025) |
|---|---|---|
| Metaplanet | 10,000 | $1.08 billion |
| Coinbase | 9,267 | $997.07 million |
These figures make it clear: Metaplanet has more Bitcoin than Coinbase. That’s a shift no one saw coming a year ago.
What Metaplanet Did to Get Ahead
Metaplanet wasn’t always about Bitcoin. It used to focus on hotels. But in 2025, it changed direction. The company began buying Bitcoin in large amounts. Back in April 2025, Metaplanet had 4,525 BTC, per Bitcoin Treasuries. By June, it had jumped to 10,000 BTC.
How did they do it? One big step was issuing $210 million in bonds. These bonds had no interest rate, and Metaplanet used the money to buy 1,112 BTC. This purchase pushed them past Coinbase. TipRanks covered this move, showing how it fueled their Bitcoin growth. A post on X by @Bitcoinsensus also pointed out this bond strategy, noting it helped Metaplanet hit 10,000 BTC.
This approach shows Metaplanet is serious about Bitcoin. They’re not just holding it—they’re building a massive stash.
Where Coinbase Stands
Coinbase is a major player in crypto. It’s one of the biggest exchanges out there. But when it comes to its own Bitcoin, it’s been more careful. Bitcoin Treasuries says Coinbase has kept its holdings steady at 9,267 BTC for a while. The company might use some of this Bitcoin for its operations or shift it based on market trends.
Keep in mind, Coinbase also handles tons of Bitcoin for its customers. That’s separate from what it owns. So, while Coinbase is behind Metaplanet in this race, it’s still a powerhouse in the broader crypto space.
Why This Shift Is a Big Deal
Metaplanet’s lead signals a trend. More companies are treating Bitcoin like a key asset. This is especially true in Japan, where crypto rules might be easier to work with. Metaplanet’s stock has soared—up 2,000% in the last year, according to DL News. Investors like the company’s Bitcoin focus.
But there are risks. Some worry that holding so much Bitcoin could backfire. A post from @DecryptMedia shared Coinbase analysts’ concerns about dilution risks in the market. If too many companies hoard Bitcoin, it could shake things up.
Metaplanet isn’t stopping. They have a bold goal: 210,000 BTC by 2027. That’s about 1% of all Bitcoin that will ever exist. @BTCTimescom reported this plan, showing just how far the company wants to go.
