Metaplanet now holds more Bitcoin than El Salvador

6h ago•

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bearish:

Japanese investment firm Metaplanet now holds 6,796 Bitcoin, currently worth more than $700 million.

Japanese investment firm Metaplanet has added another $129 million to its Bitcoin treasury, pushing its total holdings past the Bitcoin-stacking country of El Salvador.

“Metaplanet now holds more Bitcoin than El Salvador. From humble beginnings to rivaling nation-states, we’re just getting started,” said CEO Simon Gerovich on X after the latest purchase announcement.

On May 12, the Tokyo-listed firm announced that it had acquired 1,241 Bitcoin (BTC) for 14.8 million yen ($101,843) per coin.

6h ago•

Cointelegraph

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