#Metaplanet surpasses Bullish and becomes the fifth largest corporate holder after a historic purchase of $632 million
The landscape of corporate treasuries of #bitcoin has been shaken by a monumental move. Metaplanet, the Japanese publicly traded company, has climbed to fifth place among the largest corporate holders of Bitcoin, surpassing Bullish (BLSH). This feat was achieved after a massive acquisition of 5,419 BTC, valued at $632.53 million.
A New Titan at the Top: The purchase elevates Metaplanet's total holdings to 25.555 #BTC , with a market value of $2.71 billion. With this acquisition, the company solidifies its position as a key player in the Bitcoin ecosystem, with an average cost per BTC of $106.065.
The First Step of an Ambitious Strategy: Dylan LeClair, Bitcoin strategy director at Metaplanet, revealed that this purchase is just the "first tranche" of a broader strategy, as the company has raised $1.4 billion to continue accumulating Bitcoin.