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Metaplanet Becomes Sixth-Largest Public Bitcoin Holder

Published by
Sohrab Khawas

On September 1, Metaplanet purchased an additional 1,009 Bitcoin for about $112 million, raising its total holdings to 20,000 BTC. The Tokyo-based company bought these coins at an average price of 16.3 million yen each. This purchase helped Metaplanet surpass Riot Platforms, becoming the sixth-largest public Bitcoin holder worldwide. The company’s average BTC cost now stands at 15.1 million yen per coin, demonstrating its strong commitment to Bitcoin as a core reserve asset.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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