Metaplanet adds 1,111 Bitcoin, approaches Tesla’s BTC holdings

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Metaplanet, Japan’s apical Bitcoin firm treasury company, announced Monday that it has purchased an further 1,111 Bitcoin, bringing its full holdings to 11,111 BTC.

According to a Monday regulatory filing, Metaplanet’s full holdings person reached 11,111 Bitcoin (BTC), putting the company’s BTC holdings wrong striking region of Tesla’s existent Bitcoin stash of 11,509 BTC.

Metaplanet spent 17.26 cardinal Japanese yen (about $117 million) connected the purchase, paying an mean of conscionable nether $105,500 per coin.

As of Monday, Bitcoin was trading conscionable nether $102,000 — astir 3.3% beneath the acquisition price, according to CoinMarketCap. Despite the short-term dip, Metaplanet’s mean outgo ground remains little astatine $95,560 per coin.

Metaplanet’s treasury keeps growing

The announcement follows Metaplanet’s acquisition of 1,112 Bitcoin a week ago, which pushed the firm’s full Bitcoin holdings to 10,000 BTC. That acquisition besides came 2 weeks aft Metaplanet became the eighth-largest firm Bitcoin holder.

It concisely fell to ninth spot aft mining steadfast Hut 8 accrued its holdings, but has since regained eighth.

The adjacent institution successful the ranking is Tesla, which has 11,509 BTC, conscionable 398 BTC much than Metaplanet. Given its caller way record, Metaplanet could overtake Tesla’s holdings earlier the extremity of the month.

The adjacent institution is Bitcoin mining steadfast CleanSpark, with 12,502 BTC and 1,391 BTC much than Metaplanet’s existent holdings.

Bitcoin treasuries similar mushrooms aft rain

Multiple publically traded companies person decided to jumpstart their ain Bitcoin treasuries oregon get caller backing for existing ones. A fewer days ago, Bitcoin holding institution Nakamoto Holdings secured $51.5 cardinal of capital to get much Bitcoin.

Last Friday, Parataxis Holdings, an affiliate of integer asset-focused concern institution Parataxis Capital Management, announced the motorboat of a Bitcoin-native treasury level successful the South Korean nationalist market. Earlier this month, Norwegian crypto steadfast K33 announced plans to raise a minimum of 85 cardinal Swedish krona ($8.9 million) done a stock contented to money its acquisition of up to 1,000 Bitcoin for the company’s reserves.

Also, successful Norway, the Norwegian Block Exchange crypto speech saw its banal terms leap implicit 138% successful a azygous time aft it said it was starting to bargain and clasp Bitcoin astatine the opening of the month. Another caller illustration is the Paris-listed exertion steadfast The Blockchain Group’s acquisition of 182 BTC for astir $19.6 million, bringing its full holdings to 1,653 BTC arsenic of June 18.

According to BitcoinTreasuries.NET, astatine slightest 237 nationalist companies present clasp Bitcoin, with much than 832,000 BTC combined — astir 3.96% of the full proviso of 21 million.

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