Japanese firm Metaplanet has become the eighth-largest public holder of Bitcoin after purchasing 1,088 Bitcoin for approximately $117.9 million at an average price of $108,400 per coin, according to a June 2nd announcement on X.
*Metaplanet Acquires Additional 1,088 $BTC, Total Holdings Reach 8,888 BTC* pic.twitter.com/X2clAIKNbR
— Metaplanet Inc. (@Metaplanet_JP) June 2, 2025
This acquisition brings the company’s total Bitcoin holdings to more than 8,888 Bitcoin, surpassing Block Inc. and Galaxy Digital, based on Bitbo’s rankings.
The purchase signals continued institutional appetite for Bitcoin, even at six-figure price levels, and comes amid mounting economic pressure in Japan’s bond market.