Metaplanet, the Japanese hotelier that has been scooping up bitcoin
, has grow to be the fifth largest company holder of the biggest cryptocurrency, racing previous Elon Musk’s Tesla.
The Tokyo-listed agency purchased 1,234 BTC for $133 million at a median worth of $107,877. The most recent purchase has taken Metaplanet’s bitcoin stash to 12,345 BTC at a median worth of $98,303.
Metaplanet has been steadily buying bitcoin, a method that has been copied by a bunch of corporations the world over. The bitcoin reserve technique was pioneered by Michael Saylor’s Technique, which stays the biggest company holder of bitcoin with over 570,000 BTC.
Metaplanet’s newest purchase takes its previous Tesla’s bitcoin holdings of 11,509 BTC, with the agency solely trailing behind giant crypto corporations, similar to MARA, Riot, Galaxy and Technique.
Learn extra: Metaplanet Raises $515M, Blockchain Group Provides $4.8M in Bitcoin Treasury Fairness Strikes
