#NEWTBinanceHODLer Metaplanet buys 1,111 Bitcoins and approaches Tesla's BTC reserves.💥
Metaplanet has added 1,111 BTC to its corporate treasury, raising its total assets to 11,111 BTC, just 398 BTC less than Tesla's reserves.
Metaplanet, Japan's leading corporate treasury company for Bitcoin, announced on Monday that it had purchased an additional 1,111 Bitcoins.
According to a regulatory document filed on Monday, Metaplanet's total holdings have reached 11,111 Bitcoins (BTC), placing the company's BTC holdings just a short distance from Tesla's current Bitcoin reserves, which amount to 11,509 BTC.
#BinanceTGEXNY Metaplanet spent 17.26 billion Japanese yen (about 117 million dollars) on the purchase, paying an average of just under 105,500 dollars per coin.
As of Monday, Bitcoin was trading at just under 102,000 dollars, approximately 3.3% below the purchase price, according to CoinMarketCap. Despite the short-term drop, Metaplanet's average cost remains lower, at 95,560 dollars per coin.