Japan’s Metaplanet has become the world’s fifth-largest corporate Bitcoin holder after acquiring 2,204 BTC.
Japan’s top corporate Bitcoin treasury company, Metaplanet, has acquired another 2,204 Bitcoin for $237 million.
In a filing on Monday, the company said it acquired an additional 2,204 Bitcoin (BTC) at an average price of 15,640,253 Japanese yen per Bitcoin (about $107,700). This brings Metaplanet’s total holdings to 15,555 BTC at an average purchase price of about $99,985 each.
According to BitcoinTreasuries.NET data, Metaplanet is the fifth-largest corporate holder of Bitcoin. The company overtook the holdings of electric vehicle manufacturer Tesla in late June with an acquisition of 1,234 BTC, which brought its holdings to 12,345 BTC, with Tesla holding 11,509 BTC.
