Bitcoin treasury firm Metaplanet has announced that it has purchased an additional 1,234 BTC, a move valued at over $132 million based on current prices. This acquisition elevates Metaplanet’s total Bitcoin holdings to 12,345 BTC, which translates to more than $1.3 billion in value. The purchase, notable as one of their largest, underscores the company’s objective of amassing 100,000 BTC by 2026.
The recent Bitcoin buy was made at a rate of 15,617,281 yen per coin, roughly equivalent to $108,129, as outlined in a disclosure by the company. However, the exact date of this acquisition has not been disclosed.
This latest move comes amid a rising trend of cryptocurrency treasuries among publicly traded companies. Currently, over 140 such firms hold Bitcoin with a combined value of around $90 billion. Among them, Michael Saylor’s company, Strategy, is a significant player with roughly two-thirds of this total, overseeing more than $63 billion in Bitcoin.
Metaplanet stands as the seventh-largest Bitcoin holder among public firms and is the largest non-American entity in this space. Compared to peers, it ranks just behind Galaxy Digital Holdings and CleanSpark, which possess 12,830 BTC and 12,502 BTC, respectively. The firm is notably larger in its Bitcoin holdings than Hut 8 Mining, the next largest, which holds 10,273 BTC.
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