The Japanese investment company Metaplanet bought 780 additional bitcoin, strengthening its position as the only non -American company among the 10 best business bitcoins holders.
The company revealed the acquisition in an announcement on Monday. After its last purchase of Bitcoin (BTC), Metaplanet’s assets reached a total of 17,132 BTC, with an average purchase price on the newly added bitcoin of 17,520,454 Japanese yen per room (around $ 118,145) for a total cost of approximately $ 92 million.
Metaplanet has now spent a total of $ 1.7 billion on Bitcoin at an average cost of around $ 99,640 per room.
At the time of writing the writing time, Nansen’s data indicated that Bitcoin is negotiated at $ 118,171, just above the last purchase price of Metaplanet. In the past 24 hours, the cost of bitcoin increased 0.75%.
The new one follows recent reports that Metaplanet plans to possibly use its Bitcoin reserves to acquire cash generating companies, possibly including a digital bank in Japan.
In relation: Metaplanet vs Strategy: Key differences in their approach to Bitcoin holders
Metaplanet is consolidated as a Treasury Top Nonus
With this last acquisition, Metaplanet solidifies its position as the first Bitcoin Treasury not based in the United States. According to BitcoinTareries.net data, the company is the only non -American Bitcoin treasure among the 10 largest.
Being the seventh bitcoin treasure in the world, Metaplanet is held behind the Trump Media & Technology Group (the company behind Truth Social) with its 18,430 BTC, and above Galaxy Digital Holdings by Michael Novogratz with its 12,830 BTC. However, the current 17,132 BTC Metaplanet are far from the first and best Bitcoin Business Treasury strategy (formerly Microstrategy) with its 607,770 BTC worth more than $ 72 billion.
In relation: Metaplanet exceeds Cleanspark with $ 108 million Bitcoin Buy
Metaplanet’s success
The Bold de Metaplanet Bold strategy coincided with important gains in the course of its actions. The company’s shares have jumped 517% in the past year and 246% of the start of the year. The action was negotiated at $ 8.36 on Monday on Monday, up 5% on the day, according to Google Finance.
In a recent interview with Forbes Japan, Simon Gerovich, president and chief executive officer of Metaplanet, said that he did not expect such rapid growth.
“In just one year, we have become the most efficient shares in the country, with a record volume of negotiation and a market capitalization of 1 Billion,” he said.
Gerovich also pointed out that the company does not simply imitate the strategy, but “build a native model of Japan” which is “adapted to local regulations, taxation and capital markets”. He added that the company offers an exhibition to Bitcoin which complies with the country’s tax savings accounts.
Review: Rise of microstrategy clones, Asia dominates the adoption of crypto: Asia Express 2024 Review