METAPLANET'S BITCOIN TRENDS REACH 10,000 BTC, SURPASSING COINBASE.
Metaplanet's shares rose more than 20% after announcing its latest Bitcoin purchase and a bond issuance of $ 210 million to buy even more.
The recent purchase of 1,112 Bitcoin by the Japanese investment firm Metaplanet has finally raised its total Bitcoin holdings to 10,000 BTC, surpassing Coinbase as the seventh largest publicly traded company with a Bitcoin treasury.
On Monday, Metaplanet announced the acquisition of Bitcoin for 16.880 billion Japanese yen (117 million dollars). The company now owns 10,000 Bitcoin, surpassing Coinbase's 9,267 Bitcoin, according to Bitbo data.
The average price of Metaplanet's 10,000 BTC is now 13.9 million Japanese yen, approximately 96,400 dollars per Bitcoin.
This comes just two weeks after Metaplanet became the eighth largest corporate holder of Bitcoin.
