Metaplanet’s stock surged over 20% after announcing its latest Bitcoin buy and a $210 million bond issuance to buy even more.
Japanese investment firm Metaplanet’s latest 1,112 Bitcoin purchase has finally tipped its total Bitcoin holdings to 10,000 BTC, surpassing Coinbase as the seventh-largest publicly traded company with a Bitcoin treasury.
On Monday, Metaplanet announced that it had purchased the Bitcoin (BTC) stack for 16.88 billion Japanese yen ($117 million). The firm now holds 10,000 Bitcoin, beating Coinbase’s 9,267 Bitcoin, according to data from Bitbo.
The average price of Metaplanet’s 10,000 BTC now stands at 13.9 million Japanese yen, approximately $96,400 per Bitcoin.
