The Japanese investment company Metaplanet, the last purchase of 1,112 bitcoin, finally overthrew Coinbase Total Bitcoin at 10,000 BTC, exceeding Coinbase as a seventh public negotiation company with a Bitcoin Treasury.
Metaplanet announced on Monday that he bought the Bitcoin battery (BTC) for 16.88 billion Japanese yen ($ 117 million). The company now contains 10,000 bitcoin, beating 9,267 Coinbase Bitcoin, according to Bitbo data.
The average price of the 10,000 Metaplanet BTC is now 13.9 million Japanese yen, around $ 96,400 per Bitcoin.
He only comes two weeks after Metaplanet became the eighth largest Bitcoin holder.
Metaplanet issues $ 210 million bonds to buy bitcoin
He came the same day that Metaplanet announced that his board of directors had decided to issue $ 210 million via interest -free obligations, and that he raised this figure to buy more bitcoin.
The company has radically revised its Bitcoin strategy in recent months and has now intended to have 210,000 BTC by the end of 2027. So far, Metaplanet has completed the purchase of 10,000 BTC and will have to buy an additional 200,000 BTC in the next 18 months.
Metaplanet Stock Rallys over 20%
The consecutive announcement saw the price from Metaplanet to arise radically during the day.
Metaplanet’s shares (3350T) joined more than 22% on Monday on the Tokyo Stock Exchange, culminating at 1,860 Japanese yen. Metaplanet’s shares have increased more than 417% up to date.
Institutional demand always becomes strong
Despite the recent accident, where Bitcoin went from $ 110,000 to $ 103,000 in three days due to geopolitical tensions, the demand of institutional investors remained stable.
In relation: 30 bitcoin price top indicators indicate $ 230,000 of the Haussier market at
The co-founder of the Michael Saylor strategy said that his company would buy more BTC on Monday despite the current geopolitical tensions.
The funds negotiated in exchange for Bitcoin experienced five days of net entries last week, institutional investors displaying more than $ 1.3 billion during the period.
On Saturday, the CEO of Bitwise Asset Management Hunter Horsley said that Bitcoin had the potential to exceed the treasure market of 30 billions of dollars.
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