Japan’s first and only publicly listed Bitcoin (BTC) treasury company now owns one in every 10,000 of the king coin’s capped supply.
In a statement, the Japanese hotel and investment firm Metaplanet says that its Bitcoin holdings have reached 2,100 BTC, or 0.01% of the crypto asset’s maximum total supply of 21 million, following its acquisition of an additional 68.59 BTC this month.
“Since initiating its Bitcoin strategy on April 8, 2024, the Company has continued to accumulate Bitcoin as part of its treasury operations…The Company announces the acquisition of additional Bitcoin as part of its ongoing Bitcoin Treasury Operations.”
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In its latest purchase, Metaplanet spent an average price of 14,527,372 yen ($96,951) per BTC for a total of 996,432,413 yen ($6.65 million). The company
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