Metaplanet announced on Thursday that they had added 1,234 Bitcoins, increasing their total Bitcoin holdings from 12,345 BTC to 13,245 BTC.
This latest acquisition was announced in the a filingMetaplanet is ahead of Tesla’s Bitcoin collection of 11,509 Bitcoins (BTC).
Metaplanet is currently the 7th largest corporate Bitcoin Treasury. according to BitcoinTreasuries.NET. CleanSpark Bitcoin Mining Company, with its 12,502 BTC reserves is also in striking distance.
Purchases were made for an average of $15.6 million Japanese yen per coin (about $108,000). Bitcoin was trading at $108,150 as of the writing. It had risen 1.4% in the past 24 hours. according CoinMarketCap.
Related: Bitcoin as corporate treasury: Why Meta, Amazon and Microsoft all said no
Metaplanet aims for large-scale expansion
Metaplanet is increasing its Bitcoin purchases at an accelerated pace. This announcement comes after the Tuesday announcement by Metaplanet. issuance An investor notice informing them that the Board of Directors has approved a capital contribution increase of up to 5 billion dollars.
It did not specify how much the company had raised but stated that it will contribute to the total amount. “significantly accelerate” Implementation of the “So-Called “555 Million Plan.”
The 555 million planMetaplanet plans to purchase 201,112 BTCs by 2027, at an estimated cost of $21 billion, at the current price. The company had previously stated that it planned to own 100,000 Bitcoins by 2026.
Related: VanEck warns: Why Bitcoin treasury companies could face capital erosion
Bitcoin treasuries continue to increase
Metaplanet has joined a list of growing companies that are increasing their Bitcoin holdings. Nakamoto Holdings recently acquired a Bitcoin-holding company. secured $51.5 million in capital How to get more BTC
Last Week Parataxis Holdings announced a new Bitcoin treasury Platform in the South Korean Market. Norwegian crypto company K33 has also revealed plans for a South Korean market. raise a minimum of 85 million Swedish krona (US$8.9m) via a new stock issue, with plans for up to 1,000 BTC.
Early in June, the Norwegian crypto exchange Block Exchange revealed its Bitcoin Treasury. Stocks of the company jumped by more than 138% on that same day.
French Technology Firm The Blockchain Group also expanded its holdings with an acquisition of 182 BTC for about $19.6 million. The company now holds a total of 1,728 BTC according to BitcoinTreasuries.NET.
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Source: cointelegraph.com
