5 hours ago
Metaplanet, the Japanese hotelier that has been scooping up bitcoin BTC, has go the 5th largest firm holder of the largest cryptocurrency, racing past Elon Musk's Tesla.
The Tokyo-listed steadfast bought 1,234 BTC for $133 million astatine an mean terms of $107,877. The latest bargain has taken Metaplanet's bitcoin stash to 12,345 BTC astatine an mean terms of $98,303.
Metaplanet has been steadily acquiring bitcoin, a strategy that has been copied by a big of firms crossed the world. The bitcoin reserve strategy was pioneered by Michael Saylor's Strategy, which remains the largest firm holder of bitcoin with implicit 570,000 BTC.
Metaplanet's latest bargain takes its past Tesla's bitcoin holdings of 11,509 BTC, with the steadfast lone trailing down ample crypto firms, specified arsenic MARA, Riot, Galaxy and Strategy.
Read more: Metaplanet Raises $515M, Blockchain Group Adds $4.8M successful Bitcoin Treasury Equity Moves
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