The latest purchase of the Japanese company Metaplanet Metaplanet finally tilted its Bitcoin shares to 10,000 BTC, crossing Coinbase as the seventh largest public company with the treasure of the Bitcoin treasury.
Metaplanet on Monday announced that he bought a Bitcoin (BTC) pile for $ 16.88 billion ($ 117 million). The company now has 10,000 bitcoins, beating 9 267 Bitcoins Coinbase, According to For bitbo data.
The average price of 10,000 BTC Metaplanet is currently 13.9 million Japanese yen, about USD 96,400 for bitcoins.
It comes only two weeks after Metaplanet has become the eighth largest corporate owner of Bitcoin.
Metaplanet issues bonds worth USD 210 million for the purchase of bitcoin
Metaplanet came the same day announced that his management decided to spend $ 210 million through bonds without interest, and that it raised this number to buy more bitcoins.
The company has drastically changed the Bitcoin strategy in recent months and now intends to accommodate 210,000 BTC by the end of 2027. Until now, Metaplanet has completed the purchase of 10,000 BTC and will have to buy an additional 200,000 BTC in the next 18 months.
Metaplane rallies by over 20%
In the announcement at the back, the metaplanet stock price increased drastically during the day.
Metaplanet stocks (3350T) Gathered Over 22% on Monday on the Tokyo Stock Exchange, reaching the peak of 1860 Japan. Metaplanet supplies recorded an escalate of over 417% to a year.
The institutional demand is still robust
Despite the last disaster in which Bitcoin fell from $ 110,000 to $ 103,000 Within three days, due to geopolitical tensions, the demand of institutional investors remained indefinite.
Related: 30 best Bitcoin price indicators
Co -founder of the strategy Michael Saylor pointed out that his company will buy more BTC on Monday despite the ongoing geopolitical tensions.
Rotational funds from Bitcoin exchange were witnesses of five days of net influx last week, and institutional investors spilled over $ 1.3 billion during this period.
On Saturday, the general director of Bitweise Asset Management, Hunter Horsley said that Bitcoin could overtake the Treasuries market worth $ 30 trillion.
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