The latest 1,112 Japanese investment purchase of metaplanet has finally tapped Bitcoin’s total handling of 10,000 BTC, which exceeds Coinbase as the seventh largest largest company that has been publicly exchanged with a 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 Bitcoin, defeating 9,267 Bitcoin of Coinbase, According to to data from the bitboo.
The average price of 10,000 BTC of metaplanet is now standing at 13.9 million Japanese yen, approximately $ 96,400 per Bitcoin.
It only comes two weeks after metaplanet It has been The eighth largest corporate holder of Bitcoin.
Metaplanet issued $ 210m bonds to buy Bitcoin
It comes on the same day metaplanet announced That the board of its directors decided to issue $ 210 million through the interesting bonds, and it raised that figure to buy more bitcoin.
The firm has drastically changed its approach to Bitcoin in recent months and is now intention to handle 210,000 btc By the end of 2027. So far, Metaplanet has completed the purchase of 10,000 BTC and will have to buy an additional 200,000 BTC over the next 18 months.
Metaplanet Stock Rally More than 20%
The back-to-back announcement has seen the price of metaplanet sharing that shares the sun.
The stock of metaplanet (3350T) Rally More than 22% on Monday at the Tokyo Stock Exchange, peeked at 1,860 Japanese Yen. Metaplanet stock saw an uprising more than 417% year-to-date.
Institutional demand is still ongoing
Despite the recent crash, where bitcoin dropped from $ 110,000 to $ 103,000 Within three days due to geopolitical tensions, demand from institutional investors remained stable.
Related: 30 Bitcoin Price Top indicators clues to $ 230k Bull Market Peak
Strategy Co-Founder Michael Saylor indicated That his firm will be purchased more BTC on Monday despite the ongoing geopolitical intensification.
Funds exchanged by Bitcoin Exchange Witnessed Five days of Net Inflows last week, with institution investors pouring over $ 1.3 billion in the season.
On Saturday, Bitwise Asset Management CEO Hunter Horsley Says That bitcoin has the potential to reach the $ 30 trillion wealth market.
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