The Japanese metaplanet doubles Bitcoin as a prize falls below $ 115,000, buys 775 more BTC

Bitcoin Treasury company Metaplanet, which in 2024 renamed a hotel and technology company to a dedicated Bitcoin Treasury, has collected an extra 775 BTC worth around $ 93 million, which reinforces its position as the only non-us-10 Corporeate Bitcin-holders.

The company listed by Tokyo made public The purchase in a Monday announcement. After the last BTC acquisition, the interests of Metaplanet reached a total of 18,888 BTC, with an average purchase on the newly added Bitcoin of $ 120.006.

Metaplanet has spent a record of $ 1.94 billion on Bitcoin for an average cost of $ 102,653 per coin. From the moment of writing, Coenecko data showed that Bitcoin traded under $ 115,000, which is below the last purchase price of Metaplanet.

Nevertheless, Metaplanet has solidified its position as the leading Bitcoin Treasury that is not established in the United States after the latest purchase. The company is the only non-us Bitcoin Treasury below 10 largest, according to Bitcointreasuries.net Data.

With the seventh largest Bitcoin Treasury in the world, Metaplanet is just before the Trump Media & Technology Group (the company behind Truth Social) with its 15,000 BTC and behind Oproerplatforms with its 19,239 BTC. Nevertheless, the current 17.132 BTC from Metaplanet is far removed from the world’s first and top Bitcoin Corporate Treasury strategy (previously known as micro strategy) with 628,946 BTC worth more than $ 72 billion.

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In June Metaplanet achieved his 10,000 BTC target earlier than expected, after he had set a target portfolio output of 470% earlier in January. The Japanese company is far away from its broader goal of 2027 of 210,000 BTC, but closer to its target of 100,000 BTC towards the end of the year.

In the meantime, the price of Bitcoin is compared to the recent peak of all time from $ 124.128 to just $ 114,916 earlier today, as the heter Dan expected American macro data last week kept damping the trust of investors.

Further hollow trust was the American finance minister Scott who claimed that the government will no longer buy Bitcoin for its strategic reserve.

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