Japan’s Metaplanet Now Holds 6796 BTC, More Bitcoin Than El Salvador
- Metaplanet now holds 6,796 BTC, more than El Salvador’s 6,714 BTC.
- The firm used bond sales to fund its purchases, including a recent $21.25M issuance.
- Metaplanet is now the largest publicly listed Bitcoin holder in Asia.
Japanese investment firm Metaplanet has surpassed El Salvador in total Bitcoin holdings. The Tokyo-listed company disclosed a fresh $126.7 million Bitcoin purchase on Monday, May 12.
Metaplanet’s Bitcoin holdings now at 6,796 BTC, makes it Asia’s largest public-listed corporate BTC holder.
Metaplanet’s Latest Major Bitcoin Purchase
Today, May 12, Metaplanet announced the acquisition of 1,241 Bitcoin at an average price of $102,119 per coin. Based on current market valuation, the total investment is valued at close to $127 million. This transaction also marks Metaplanet’s highest purchase price per Bitcoin so far.
Related: Metaplanet’s Bitcoin Bet: Tokyo Firm Adds Millions More in BTC to Treasury
The purchase raised its total Bitcoin holdings to 6,796 BTC worth $707 million, bringing the unrealized profit to $99 million from the total purchase price of $608 million. In comparison, El Salvador currently holds 6,174 BTC val…
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Japan’s Metaplanet Now Holds 6796 BTC, More Bitcoin Than El Salvador
- Metaplanet now holds 6,796 BTC, more than El Salvador’s 6,714 BTC.
- The firm used bond sales to fund its purchases, including a recent $21.25M issuance.
- Metaplanet is now the largest publicly listed Bitcoin holder in Asia.
Japanese investment firm Metaplanet has surpassed El Salvador in total Bitcoin holdings. The Tokyo-listed company disclosed a fresh $126.7 million Bitcoin purchase on Monday, May 12.
Metaplanet’s Bitcoin holdings now at 6,796 BTC, makes it Asia’s largest public-listed corporate BTC holder.
Metaplanet’s Latest Major Bitcoin Purchase
Today, May 12, Metaplanet announced the acquisition of 1,241 Bitcoin at an average price of $102,119 per coin. Based on current market valuation, the total investment is valued at close to $127 million. This transaction also marks Metaplanet’s highest purchase price per Bitcoin so far.
Related: Metaplanet’s Bitcoin Bet: Tokyo Firm Adds Millions More in BTC to Treasury
The purchase raised its total Bitcoin holdings to 6,796 BTC worth $707 million, bringing the unrealized profit to $99 million from the total purchase price of $608 million. In comparison, El Salvador currently holds 6,174 BTC val…
The post Japan’s Metaplanet Now Holds 6796 BTC, More Bitcoin Than El Salvador appeared first on Coin Edition.
Read More
Why Slow Retail Buying Could Actually Be Good News for Bitcoin