The Japanese company Metaplanet acquired another 1112 BTC in the amount of $ 117.2 million at an average cost of $ 105,435 per coin. The total volume of its reserves reached 10,000 BTC, which exceeds the indicators of the American cryptocurrency book Coinbase (9,267 BTC).

The Metaplanet reported on the placement of bonds by $ 210 million. The raised funds will be aimed at further investments in the first cryptocurrency. After the announcement of the purchase of bitcoins, the Metaplanet shares on the Tokyo Stock Exchange grew by 17%, and from the beginning of the year the company’s shares increased in cost by 408%.

The company has been implementing its strategy for the accumulation of the first cryptocurrency since April 2024. In June, Metaplanet notified plans to issue 555 million shares totaling $ 5.4 billion, which could be one of the largest placements in the history of the Japanese stock market.

Earlier, Metaplanet announced that over the next two years the company plans to accumulate at least 210,000 BTC and use corporate investments worth $ 2.18 billion to buy the first cryptocurrency.