Metaplanet, a Japanese hotelier, has been mined for bitcoin
has become the fifth largest company holder of the largest cryptocurrency, surpassing Elon Musk’s Tesla.
Companies listed in Tokyo Purchased 1,234 BTC for $133 million The average price is $107,877. The latest buy reduces Metaplanet’s Bitcoin storage to 12,345 BTC, with an average price of $98,303.
Metaplanet has been steadily acquiring Bitcoin, a strategy that has been replicated by many companies around the world. Michael Saylor has taken the lead in the strategy, which is the largest corporate holder of Bitcoin, which owns over 570,000 BTC.
Metaplanet’s latest buy brings its past Tesla Bitcoin holdings to 11,509 BTC, the company lags only behind big cryptocurrencies such as Mara, Riot, Riot, Galaxy and Straging.
Read more: Metaplanet raises $515 million, blockchain group adds $4.8 million in Bitcoin Treasury equity
