Japanese investment firm Metaplanet’s latest 1,112 bitcoin procurement has finally gathered its total bitcoin holdings for 10,000 BTCs, which crosses the coinbase as the seventh largest public trading company with bitcoin treasury.
On Monday, Metaplanet Announced That it bought bitcoin (BTC) Stack for 16.88 billion Japanese Yen ($ 117 million). The firm now holds 10,000 bitcoins, defeating 9,267 bitcoins of the coinbase, According For data from Bitbo.
The average price of Metaplanet’s 10,000 BTC is now 13.9 million Japanese Yen, which is around $ 96,400 per bitcoin.
It comes exactly two weeks after Metaplanet became Bitcoin’s eighth largest corporate holder.
Metaplanet releases $ 210m bond to buy bitcoin
It came to Metaplanet on the same day Announced Its board of directors resolved to release $ 210 million through the no-interest bond, and raised that figure to buy more bitcoins.
The firm has quite amended its bitcoin strategy in recent months and now intends to be worn. 210,000 BTC By the end of 2027. So far, Metaplanet has completed 10,000 BTC purchases and will need to purchase an additional 200,000 BTC in the next 18 months.
Metaplanet stock rallies over 20%
The back-to-back declaration has seen the price of the shares of metaplandate quite well a day.
Metaplanet’s Stock (3350T) Gullible Tokyo Stock Exchange has more than 22% on Monday, 1,860 at Japanese yen at its peak. Metaplanet’s stock has seen an increase of more than 417% year-by-year.
Institutional demand is still getting stronger
Despite the recent accident, where bitcoin dropped from $ 110,000 $ 103,000 Over a period of three days due to geo -political stresses, the demand for institutional investors has been stable.
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Strategy co-founder Michael Siler Stated Despite the ongoing geopolitical tension, his firm will buy more BTC on Monday.
Bitcoin exchange-traded funds saw Last week, five days pure influx, increased by institutional investors to more than $ 1.3 billion during the period.
On Saturday, Bitwaiz Asset Management CEO Hunter Horsley Said That bitcoin had the ability to overtake $ 30 trillion Treasury market.
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