Metaplanet Japan, the top Bitcoin corporate treasury firm, acquired 2,204 Bitcoins worth $237,000,000.
It is not a filing On Monday, the company announced that it had acquired 2,204 additional Bitcoins (BTCThe average Bitcoin price is 15,640,253 Japanese Yuen (about $107,700). Metaplanet now has 15,555 BTC, at a price per BTC of approximately $99 985.
According to BitcoinTreasuries.NET dataMetaplanet, the company is fifth in corporate Bitcoin holders. The company overtook the holdings of electric vehicle manufacturer Tesla Tesla, who holds 11,509 BTC BTC BTC BTC BTC BTC BTC BTC BTC BTC BTC BTC BTC BTC BTC B Bitcoin BTC BTC BTC BTC BTC BTC BTC BTC BTC BTC BTC BTC BTC BTC B
This company is also exceeded Bitcoin miner CleanSpark’s holdings 12 502 BTC and a 1 005 BTC separate purchase worth $108 Million, both disclosed by June 30.
Related: Bitcoin Treasury Corporation to relist on Toronto exchange, buys 292 BTC
Bitcoin corporate treasuries are growing
This announcement is followed by world’s top corporate Bitcoin holder, StrategyAnnouncement of the purchase by another 4,980 Bitcoin for $531.1 million On June 30, it made its most recent purchase. This acquisition increased the company’s total holdings of BTC to 597.325 BTC. It was purchased at a price per coin of $70,00982, or $42.4billion.
Anthony Pompliano is the founder of Anthony Pompliano Crypto. ProCap made its first Bitcoin purchase The company bought 3,724 BTC at a price of $386 million late in June. Semler Scientific, a healthcare tech company, announced in late June that it intends to increase its Bitcoin holdings by 3,808 Bitcoin to 105,000 Bitcoin.
Related: Bitcoin as corporate treasury: Why Meta, Amazon and Microsoft all said no
James Check, Glassnode’s chief analyst, said on Saturday that Glassnode could be a threat to the Bitcoin treasury strategy may not have the longevity Many expect. Check stated that the easiest upside could already be in the back of new companies.
“For many new entrants, it could already be over,” He explained that it is important to consider how long-term a product or strategy will be for Bitcoin. Investors favor early adopters and “nobody wants the 50th Treasury company.”
Breed Venture Capital released a report in June that stated only one of the top ten venture capital firms had a positive outlook for 2017. few Bitcoin treasury companies will avoid falling into a “death spiral.”
Magazine: Arthur Hayes doesn’t care when his Bitcoin predictions are totally wrong
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Source: cointelegraph.com
