The Smarter Web Company and Metaplanet of Japan, two publicly traded companies in Japan, each added nearly $100 million to their corporate funds.
Metaplanet will be live on Tuesday. disclosed The company purchased 518 Bitcoins.BTCThe company purchased the coins for approximately $61.4 million, at a price per coin of an average $118.519 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 announced earlier in the month that it had plans to purchase a new 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 is a London listed web design firm and Bitcoin Treasury. revealed On Tuesday, it announced that 295 BTC were acquired for 26.3 Million Pounds ($35.2 million), at an average price 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 an estimated cost of $264.8 Million. Each BTC was purchased for $110,555 on average. The current price of the BTC stash puts it at around $284.8 Million, giving Smarter Web an unrealized profit of approximately $20,000,000.
Smarter Web has moved up from 36th place to 23rd in the rankings for global companies. It is now aiming at a Top-20 position within the coming weeks.
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US may nationalize Bitcoin
Corporation crypto treasuries have crossed the $100 billion markBitcoin Treasury companies held 791,662 BTC in July. This represents almost 4% the supply circulating. Some analysts warn that a growing concentration in the hands of corporations could lead to a vulnerability of Bitcoin.
Willy Woo is a Crypto Analyst who suggested that the US could one day move to nationalize these holdingsThe gold standard was abandoned in 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
