Metaplanet inch is closer to the top of 4 BTC holders of companies with a new $ 238 million purchase star-news.press/wp

A few days before the acquisition, Metaplanet has recovered 6 billion yen of bonds issued in late June, using revenue from newly practiced orders. The company constantly followed this approach, raising the capital and turning it directly to Bitcoin to expand the treasury holdings.

To date, the company, which is based in Tokyo, has now spent a total of 225.8 billion yen, or about $ 1.6 billion, on Bitcoin since the treasury strategy began, at an average cost of 14.5 million yen per BTC. This continues to build a momentum towards its greatest goal of reaching 30,000 BTC by the end of the year, 100,000 BTC by 2026, and 210,000 BTC by 2027.

Metaplanet has recently entered the list of the five best bitcoin holders for companies, bypassing companies such as Tesla and Coinbase. However, with its latest purchases, it is now closed in fourth.

The company is less than 4000 BTC behind mining and digital infrastructure Data. If the company maintains its current pace, it may soon outperform the riots to demand fourth place.

Metaplanet also recorded BTC’s return by 129.4 % for Q2, with an additional 15.1 % in the first week of July. It gained 5,237 BTC in the second quarter, at a value of 82.5 billion yen (about 513 million dollars), and another 2017 BTC in early July, at a value of about 31.8 billion yen (about $ 198 million).

If the company reaches its long -term target, which is 210,000 BTC by 2027, it will control about 1 % of the total bitcoin supply.