Metaplanet Becomes a Bigger Bitcoin Whale Than Coinbase
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When Metaplanet CEO Simon Gerovich tweeted about buying another 1,112 Bitcoin this week, few realized the milestone it represented: at 10,000 BTC, the investment firm now holds more than crypto giant Coinbase.
The $117.2 million purchase—funded partly through a new $210M bond offering—caps a meteoric rise for Metaplanet. Its stock, up 408% this year, reflects a winning bet on Bitcoin as both treasury asset and growth engine.
“This isn’t just accumulation—it’s a statement,” said one analyst. “Traditional finance is waking up to Bitcoin’s potential, and Metaplanet’s leading the charge.”
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