They Just Quietly Surpassed Coinbase in Bitcoin Holdings 👀

Coinbase just got surpassed in Bitcoin holdings — by a Japanese hotel company. Is this the future of Bitcoin strategy? Let’s break it down. 👇

Metaplanet now holds more Bitcoin than Coinbase. In this high-signal Roundup, Josh Friedeman is joined by Jon Gordon (Satoshi Health) and Trey Sellers (Unchained) to decode what this shift means for companies, investors, and Bitcoin's next phase.

In this episode:
• Why companies like Angel Studios are putting Bitcoin on the balance sheet before IPO
• How Bitcoin treasury premiums (MNAV) distort investor sentiment
• Whether these moves reflect real conviction or corporate cosplay

👇 Show links and timestamps below!

🌐 CONNECT WITH JON
𝕏 X: https://x.com/thebitcoinyogi
📸 Instagram: https://instagram.com/jongordon9
🔗 LinkedIn: https://linkedin.com/in/jon-gordon-29942162/
🌍 Website: https://satoshihealth.com\
🌍 Sound HSA: https://soundhsa.com

🌐 CONNECT WITH TREY
𝕏 X: https://x.com/ts_hodl
🔗 LinkedIn: https://linkedin.com/in/treysellers/
🌍 Personal Site: https://treysellers.com
🌍 Newsletter: https://firebtc.substack.com

🌐 CONNECT WITH JOSH
𝕏 X: https://x.com/joshuafriedeman
🔗 LinkedIn: https://linkedin.com/in/joshuafriedeman

🚀 Unlock your Bitcoin business strategy
📘 The FREE Bitcoin-for-Business Quick Start Guide includes:
💡 Six Ways ANY Business Can Benefit from Bitcoin
🤝 Top Bitcoin-Only Businesses to Partner With
🧠 Key Bitcoin Concepts for Beginners
👉 https://bizbit.blog/quick-start-guide

⏱️ TIMESTAMPS
0:00 – Intro
1:25 – Metaplanet owns more Bitcoin than Coinbase
5:31 – What other countries need Bitcoin Treasury Companies?
9:28 – Angel Studios' 300 BTC purchase – valuable IPO strategy?
13:19 – Are we seeing top signals for this bull market?
15:51 – Is bitcoin on the balance sheet viewed as an asset or a liability?
21:35 – The Bitcoin Treasury Company ecosystem resembles the 2017 ICO craze.
24:57 – Beware the MNAV for BTCTC valuations!
29:17 – What to do when the MNAV is below 1.0
34:52 – Will treasury companies cause the next bear market?
37:32 – Outro

🤝 SHOW PARTNERS
⚙️ Velas Commerce — Build with Bitcoin. Build with Lightning. Web, apps & POS integration → https://velascommerce.com
💪 Strong Wealth — Bitcoin-native wealth planning for individuals and businesses → https://strongwealth.net

#Metaplanet #Coinbase #BitcoinStrategy #Bitcoin #BitcoinBusiness #BitcoinNews