The Smarter Web Company and Metaplanet of Japan, two publicly traded companies in Japan, each added nearly $100 million to their corporate funds.
Metaplanet is back on Tuesday. disclosed The company purchased 518 Bitcoins.BTCThe company purchased the coins for approximately $61.4 million, at an average of $118.519 each. This purchase increased the total Bitcoin holdings of Tokyo listed company to 18,113 BTC. At current prices this is worth approximately $2.15 Billion. Each Bitcoin was purchased at an average price of $101,911 each.
Led by CEO Simon Gerovich, Metaplanet now ranks sixth globally in public company Bitcoin holdings, behind Michael Saylor’s Strategy, MARA, XXI, Bitcoin Standard Treasury Company, and Riot, according to data from BitcoinTreasuries.NET.
Metaplanet had announced plans earlier this month to buy a company called Metaplanet. raise up to 555 billion Japanese yen ($3.7 billion) Through offering perpetual preferential shares, the company supports its acquisition strategy.
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Smarter Web Company buys 295 BTC
Smarter Web Company – a London based web design company and Bitcoin treasurer – also revealed The company announced on Tuesday it had acquired 295 BTC worth 26.3 Million Pounds ($35.2 millions) for an average cost of $119.412.
This purchase was partially funded by the $10.2 million equity raising completed Monday. The Smarter Web Company was also reported to have purchased the property. raised $21 million through a Bitcoin-denominated Bond offering was last week.
Smarter Web has now acquired 2,395 BTC at a total price of $264.8M. Each BTC was purchased for an average cost of $110555. The stash, at current prices, is worth about $284.8 millions, which gives the company a gain that has not yet been realized of around $20 million.
Smarter Web, which has bought more than 1,500 BTC in just July alone and jumped to the 23rd position in global rankings of public companies, is aiming for a top-20 ranking in the next few weeks.
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US may nationalize Bitcoin
Crypto corporate treasuries have crossed the $100 billion markBitcoin treasury firms held almost 4% (or 791662 BTC) of the total supply in July. Analysts have cautioned that the concentration of corporate assets could lead to a vulnerable central point for Bitcoin.
Willy Woo, a crypto analyst from the US, suggested that US could one day move to nationalize these holdingsWoo drew parallels with the gold standard withdrawal of 1971. Woo speculated that the government may centralize Bitcoin corporate reserves, and potentially “rug” They are no different than the suspension of gold conversion under Richard Nixon.
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Source: cointelegraph.com
