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#MetaplanetBTCPurchase

# **Metaplanet Ownership Surpasses 10,000 Bitcoin, Stock Surges 19%**

Metaplanet, a Japanese investment company, officially announced the purchase of an additional 1,112 Bitcoin (BTC) valued at approximately US$117.2 million. With this transaction, the total BTC ownership of the company reaches 10,000 coins, surpassing the reserves of exchange Coinbase Global which is recorded at only 9,267 BTC.

Metaplanet's CEO Simon Gerovich stated via the X platform that the latest purchase was made at an average price of around US$105,435 per BTC.

“We use these funds to continue adding to our Bitcoin reserves as part of the company's long-term strategy,” wrote Gerovich in his post.

Along with the purchase announcement, Metaplanet also approved the issuance of a zero-coupon bond worth US$210 million to EVO Fund. This 18th series bond is scheduled to mature on December 12, 2025, and all proceeds from the issuance will be allocated to increase the company's Bitcoin reserves.

The surge in this news caused Metaplanet's stock price to sharply increase by 19% to 1,807 Japanese yen per share in morning trading on Monday (16/06) local time.

Since the beginning of the year, the company's stock has soared over 408%, in line with its ambition to reach a target of 210,000 BTC, equivalent to 1% of the total global Bitcoin supply.

*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*

source of information: crypto academy

Source of Information: Crypto Academy

# **Standard Chartered: 61 Institutions Worldwide Control 3% of Bitcoin Supply**

According to Standard Chartered, a multinational financial services company, as many as 61 publicly listed companies now hold 3% of the Bitcoin supply in the world, with these companies having acquired up to 100,000 coins in the last 2 months.

Head of Digital Asset Research at Standard Chartered, Geoff Kendrick, stated that combined, these 61 companies would touch ownership of more than 673,897 Bitcoins.

Meanwhile, the pace of purchases is still led by MicroStrategy (MSTR), which currently holds 582,000 Bitcoins. In fact, when adding XXI with 31,500 Bitcoins, Galaxy Digital Holdings with 12,830, Metaplanet with 7,800 Bitcoins, and Next Technology with 5,833 Bitcoins.

Thus, the total Bitcoin from these companies has exceeded 600,000 coins. This figure continues to grow with an additional 56 companies.

Moreover, Kendrick mentioned that this has proven Bitcoin's increasing popularity as a corporate treasury asset. However, he still warns of the potential risks of overly massive corporate adoption.

Additionally, Bitcoin's volatility has the potential to push Bitcoin prices below the average purchase price, where 50% of companies made purchases averaging above US$90,000.

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