Bitcoin price maintained its position above $118,000 as Metaplanet acquired 518 BTC for $61.4 million at an average price of $118,519, bringing its total holdings to 18,113 BTC valued at $1.85 billion. The Tokyo-based company's BTC Yield reached 26.5% in the current quarter, following its impressive performance in previous quarters. At the same time, Smarter Web Company also announced the purchase of 295 BTC for $35.2 million at an average of $119,412.
Bitcoin price bounced back above $114,000 as Metaplanet purchased 463 BTC ($53.7M) at an average price of $115,895, bringing its total holdings to 17,595 BTC. The Japanese firm plans to raise $3.7B through preferred shares to reach its goal of acquiring 210,000 BTC by 2027.
Metaplanet has acquired an additional 780 Bitcoin for approximately ¥13.67 billion ($92.5 million), bringing its total holdings to 17,132 BTC as institutional Bitcoin adoption...
Japan’s top bitcoin treasury firm aims to grow its holdings to 210,000 BTC by 2027 and wants to use its growing reserves to buy cash-generating businesses.
Metaplanet has acquired an additional 1,112 Bitcoin for $117.2 million, bringing its total holdings to 10,000 BTC and overtaking Coinbase to become the ninth-largest publicly traded holder of Bitcoin.