Japanese Metaplanet has purchased an additional 1,111 Bitcoin valued at approximately 117 million dollars (at an average price of 105,500 dollars per coin).
This has increased its holdings to 11,111 Bitcoin, nearing Tesla's holdings of 11,509 Bitcoin.
Despite the price drop after the purchase (to below 102,000 dollars), Metaplanet's average cost remains 95,560 dollars per coin.
Many other companies, such as Nakamoto Holdings, Parataxis Holdings, and The Blockchain Group, are also continuing to bolster their Bitcoin reserves, amid a rush of companies to acquire Bitcoin.
So far, 240 public companies hold over 832,000 Bitcoin (about 3.96% of the total supply).
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CoinMarketCap
