Bitcoin treasury company Metaplanet has announced a fresh purchase that has brought its holdings to fourth place on the BTC corporate ranking.
The buy has arrived just nine days after the firm made its record acquisition of 5,419 BTC. This latest purchase has only been slightly smaller than this biggest buy, indicating that the treasury company is currently participating in some rapid accumulation.
Before the latest two massive purchases, Metaplanet was below Bitcoin Standard Treasury Company and Bullish, but now it has leapfrogged both with total holdings of 30,823 BTC.
The firm acquired its BTC stack for a total cost of $3.33 billion. At the current exchange rate, its value stands at $3.61 billion, implying the company is sitting on an unrealized gain of around 8.4%.
Another chart posted by the analyst puts into perspective where the company’s break-even line lies.
At the moment, Metaplanet’s cost basis sits at $107,912. BTC came close to retesting the level during its recent decline, but its price has since gained a decent gap over it again.
Bitcoin has seen a jump of almost 4% over the last 24 hours that has taken it back to the $117,600 mark.
