$BTC Metaplanet's Bitcoin reserves reach 10,000 BTC, surpassing Coinbase
Metaplanet's shares rose more than 20% after announcing its latest BTC purchase and a bond issuance worth 210 million dollars to buy even more.
The company's latest purchase of 1,112 BTC by the Japanese investment firm Metaplanet has finally raised its total Bitcoin portfolio to 10,000 BTC, surpassing Coinbase as the seventh largest publicly traded company with a BTC treasury.
On Monday, Metaplanet announced it had purchased the batch of Bitcoins (BTC) for 16.88 billion Japanese yen (117 million dollars). The company now holds 10,000 Bitcoins, surpassing Coinbase's 9,267 Bitcoins, according to Bitbo data.