Metaplanet's Bitcoin holdings reach 10,000 BTC, surpassing Coinbase
Metaplanet's shares rose by more than 20% after announcing its latest Bitcoin purchase and the issuance of bonds worth $210 million to buy even more.
The latest purchase of 1,112 Bitcoins 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 purchase of Bitcoin worth $106,763 for 16.88 billion Japanese yen ($117 million). The company now owns 10,000 Bitcoin, surpassing Coinbase's 9,267 Bitcoin, according to Bitbo data.
Source: Metaplanet
The average price of Metaplanet's 10,000 BTC currently stands at 13.9 million Japanese yen, approximately $96,400 per Bitcoin.
This comes just two weeks after Metaplanet became the eighth largest company with Bitcoin.
