The last purchase of Bitcoin of the Japanese firm of Metaplenet, 1,112, has finally inclined its total bitcoin holdings at 10,000 BTC, Sismato Coinbase as the seventh largest company that quotes in the stock market with a Bitcoin treasure.
On Monday, Metaplenet announced that he had bought the Bitcoin (BTC) battery for 16.88 billion Japanese yen ($ 117 million). The firm now has 10,000 bitcoin, exceeding 9,267 Bitcoin de Coinbase, according to Bitbo data.
The average price of the 10,000 BTC of Metaplenet is now 13.9 million Japanese yen, approximately $ 96,400 per Bitcoin.
It arrives only two weeks after Metaplenet became the eighth corporate head of Bitcoin.
Metaplenet issues $ 210 million bonds to buy Bitcoin
He arrived on the same day as Metaplenet announced that his board of directors had resolved to issue $ 210 million through an interestless bonus, and that he raised that figure to buy more Bitcoin.
The firm has drastically reviewed its Bitcoin strategy in recent months and now intends to maintain 210,000 BTC by the end of 2027. Until now, Metaplenet has completed the purchase of 10000 BTC and will be next 18,000 200,000.
Metaplenet Stock will gather about 20%
The consecutive announcement has seen that the participation price of Metaplenet shoots drastically during the day.
Metaplenet’s actions (3350t) recovered more than 22% on Monday in the Tokyo Stock Exchange, reaching its maximum point in 1,860 Japanese yen. Metaplenet shares have seen an increase or more than 417% in the year to date.
Institutional demand remains strong
Despite the recent accident, where Bitcoin fell from $ 110,000 to $ 103,000 in a period of three days due to geopolitical tensions, the demand for institutional investors has remained stable.
The co -founder of the strategy, Michael Saylor, indicated that the company would buy more BTC on Monday despite the ongoing geopolitical tensions.
The funds quoted in Bitcoin Exchange were witnesses of five days of net tickets last week, and institutional investors obtained more than $ 1.3 billion in the period.
On Saturday, Bitwise’s CEO Asset Management, Horsley, said Bitcoin had the potential to overcome the $ 30 billion treasures market.