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Metaplanet has lifted its Bitcoin stock to 20,136 BTC worth $ 2.08 billion, in sixth place worldwide. Despite the share, his strategy El Salvador and Micro Strategy repeated.
Bitcoin [BTC] recently Slipped from his all time near $ 125,000 to less than $ 115,000, but the appetite of investors remained strong.
The Japanese Bitcoin Treasury company Metaplanet has in fact doubled, whereby the purchase of an additional 136 BTC with a value of approximately $ 15.2 million was announced.
Metaplanet buys more Bitcoin
The acquisition, announced by CEO Simon Gerovich in an X (formerly Twitter) afterBrings the company closer to its ambitious accumulation goals, much further than its earlier target of 10,000 BTC by 2025 and 21,000 BTC by 2026.
With the last purchase, the Bitcoin reserves from Metaplanet have grown to 20,136 BTC, with a value of approximately $ 2.08 billion.
The average acquisition costs of the company was $ 103,196 per coin, which emphasized its aggressive strategy to stack Bitcoin despite recent market fluctuations.
Facts Bitcointreasuries showed that Metaplanet was in sixth place among public companies keeping Bitcoin, behind giants such as micro strategy, Marathon Digital (Mara), XXI, Bitcoin Standard Treasury Company and Bullish.
Stock -in -law despite buying
However, the announcement came when the pressure on the shares of the company was mounted.
Shares Metaplanet at the time of the press Closed At ¥ 614.00, decrease of 9.97% for the day. In the past month they withdrew almost 30%. Nevertheless, the share still achieved a profit of 101% since January.
In addition to its Bitcoin accumulation, Metaplanet has also updated shareholders on the recent exercise of the 20th series of stock acquiring rights, which added more than 739 million shares between 27 and 29 August.
This brought the total issued shares of the company at the end of the reporting period to 751.2 million.
In the meantime, Bitcoin himself showed signs of resilience in the wider market.
The cryptocurrency was traded at $ 113,037.44, an increase of 1.63% in the last 24 hours, according to data from Mint market cap.
Community response
As expected, the community responded positively to the announcement, with one X user who noticed,
Source: Paul Hyde/X
Following the enthusiasm, but a remark of caution, another X user noted”
“Look here at Metaplanet to let it rain with those BTCs! 487% YTD? They shoot the three of them as if it is nothing. But remember, in the game of life, it is not just about the statistics. Keep your eyes on the price, but don’t forget to enjoy the dribble.”
Other institutions and countries look at Bitcoin
The expansion of Metaplanet then came to grow their own Bitcoin reserves.
El Salvador, who marked the fourth anniversary of his Bitcoin adoption, bought an extra 21 BTC and raised its national interests to more than 6,313 BTC with a value of around $ 702 million.
In the meantime, MicroStrategy remained the undisputed leader among public companies.
Co-founder Michael Saylor confirmed Holdings of more than 638,000 BTC acquired at an average price of $ 66,384, represent A total investment of more than $ 33 billion.