Metaplenet, the Bitcoin Corporate Treasury Company in Japan, announced on Monday that it had bought additional 1,111 bitcoin.
According to a regulatory presentation on Monday, the total holdings of Metaplenet have reached 11,111 Bitcoin (BTC), placing the company’s BTC holdings at a surprising distance from the current Bitcoin of Tesla stash of 11,509 BTC.
Metaplanet spent 17.26 billion Japanese yen (around $ 117 million) in the purchase, paying an average of just under $ 105,500 per currency.
Until Monday, Bitcoin traded just under $ 102,000, approximately 3.3% below the purchase price, according to Coinmarketcap. Despite the short -term fall, the Metaplenet average cost base remains lower at $ 95,560 per currency.
Related: Bitcoin as corporate treasure: why goal, Amazon and Microsoft said no
Metaplenet’s treasure continues to grow
The announcement continues to the purchase of Metaplanet of 1,112 Bitcoin a week ago, which took the total Bitcoin Holdings of the company to 10,000 BTC. That purchase also occurred two weeks after Metaplenet became the eighth corporate head of Bitcoin.
He briefly fell to the ninth place after the mining firm Hut 8 increased its holdings, but since then it has recovered the eighth place.
The next highest company in the ranking is Tesla, which has 11,509 BTC, only 398 BTC more than Metaplanet. Given its recent history, Metaplenet can overcome Tesla holdings before the end of the month.
The next company is Bitcoin Mining Firm Cleanspark, with 12,502 BTC and 1,391 BTC more than the current Metaplanet holdings.
Related: $ 5.1B Cardone Capital Buy 1,000 bitcoin, eyes 3,000 BTC
Bitcoin treasures as fungi after rain
Multiple companies that are quoted in the stock market have decided to boost their own Bitcoin Treasury bonds or acquire new funds for existing ones. A few days ago, the company holder of Bitcoin Nakamoto Holdings obtained $ 51.5 million capital to acquire more Bitcoin.
On Friday, Parataxis Holdings, an affiliate from the digital investment company focused on assets Capital Management, announced the launch of a Bitcoin native treasury platform in the public market of South Korea. Earlier this month, the Norwegian cryptography firm K33 announced plans to raise a minimum of 85 million Swedish Krona ($ 8.9 million) through an issue of shares to finance its purchase of up to 1,000 bitcoin for the company’s reserves.
Also in Norway, at the beginning of the month, the cryptographic exchange of Norway block saw at the price of its shares jump more than 138% in a single day after he said he was starting to buy and maintain Bitcoin. Another recent example is the technology firm that mentioned in Paris, the acquisition of 182 BTC of Blockchain Group for approximately $ 19.6 million, which takes its total holdings to 1,653 BTC as of Wednesday.
According to Bitcintrease.net, at least 240 public companies now have Bitcoin, with more than 832,000 BTC combined, approximately 3.96% of the total supply of 21 million.
Magazine: Bitcoin’s invisible war strip between costumes and cypherpunks
