Japan's Metaplanet and the UK's The Smarter Web Company have recently collectively increased their bitcoin reserves by nearly $100 million.
On Tuesday, Metaplanet announced that it purchased 518 bitcoins for approximately $61.4 million, with an average price of $118,519 per coin. This move brings its total holdings to 18,113 bitcoins, valued at approximately $2.15 billion, with an average acquisition price of $101,911.
Metaplanet currently ranks sixth in the world among publicly traded companies by bitcoin holdings, trailing only Saylor's Strategy, MARA, XXI, and Riot.
The Smarter Web Company also announced on Tuesday that it acquired 295 bitcoins for £26.3 million ($35.2 million), with an average price of $119,412 per coin.
Part of the funding for this purchase comes from a £7.6 million ($10.2 million) equity financing completed on Monday. Last week, Smarter Web also raised $21 million through a bitcoin bond issuance.
This increase brings Smarter Web's total holdings to 2,395 bitcoins, purchased at an average price of $110,555 per coin, totaling $264.8 million. At the current price, the value is approximately $284.8 million, realizing an unrealized gain of $20 million.
Cryptocurrency analyst Willy Woo suggested that the U.S. might consider nationalizing these holdings, similar to the gold event in 1971, potentially centralizing bitcoin reserves and 'cancelling' their convertibility.
