The Japanese investment company metaplanet 780 Bitcoin bought an additional, which enhances its location as the only non -American company among the 10 best bitcoin.
The company revealed the acquisition on Monday advertisement. In the wake of the latest Bitcoin (BTC) purchase, Metaplanet’s holdings reached a total of 17132 BTC, with an average purchase price on the newly added bitcoin of 17,520,454 Japanese yen per currency (about 118,145 dollars) at a total cost of about $ 92 million.
Metaplanet spent a total of $ 1.7 billion on bitcoin at an average cost of 99,640 dollars for the coin.
As of the time of writing this report, Nanson data Shown This bitcoin was traded at a price of $ 118171, higher than the latest price for buying metaplanet. Over the past 24 hours, the cost of bitcoin has increased by 0.75 %.
News follows recent reports that Metaplanet is planning to ultimately use Bitcoin reserves to gain money generation, and perhaps including a digital bank in Japan.
Related to: Metaplanet vs strategy: the main differences in its approach in Bitcoin Holdings
Metaplanet is enhanced as the best non -American Bitcoin
With this last acquisition, Metaplanet enhances its location as a leading bitcoin cabinet in the United States. According to bitcointreasuries.net DataThe company is the only non -American treasury among the 10 largest.
Being the seventh largest treasury in Bitcoin in the world, Metaplanet stands behind the Trump and Technology group (the company behind Truth Social) with 18,430 BTC, and above Michael Novoghatz Galaxy Digital Holdings with 12,830 BTC. However, the current Metaplanet of 17,132 BTC is far from the strategy of the world’s first institutional treasury (Microstrategy) strategy with 607,770 BTCs worth more than $ 72 billion.
Related to: Metaplanet exceeds Cleanspark with the purchase of $ 108 million bitcoin
Metaplanet success story
The Metaplanet Bold Bitcoin strategy coincided with great gains in the price of its share. The shares of the company increased by 517 % during the past year and 246 % on an annual basis. As of Monday, the stock was traded at $ 8.36, an increase of 5 % a day, according to Google Finance.
During a conversation interview With Forbes Japan, Simon Girovic, President and CEO of Metaplanet, said he did not expect such rapid growth.
He said: “Within only one year, we became the highest shares in the country, with standard trading and the size of a 1 trillion trillion market.”
Jerovic also highlighted that the company is not just the imitation of the strategy, but instead “building an original model in Japan” “specially designed for local organization, taxes and capital markets. He added that the company provides exposure to bitcoin, which is compatible with savings accounts exempt from taxes in the country.
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