Japanese Bitcoin treasury company Metaplanet has announced a fresh BTC acquisition, adding $93 million worth of the asset to its reserves.
This buy has taken Metaplanet’s holdings to 18,888 BTC, with a total cost basis of $1.94 billion. At the current price, the company’s reserve is worth around $2.17 billion, implying a positive unrealized gain of just under 12%.
CryptoQuant community analyst Maartunn has shared a chart that shows how the firm’s buys have looked since it adopted a treasury strategy last year:
As displayed in the graph, Strategy’s Bitcoin holdings are significantly higher than those of the next largest holder, the US government. The difference is more gradual from there, with third-placed China sitting just $1 billion under the US.
Metaplanet is all the way down in the thirteenth position, but if its accumulation remains as consistent as it has been lately, it might be able to climb up a couple of spots in the near future.
While treasury companies may be busy accumulating Bitcoin, the asset’s price has plunged to the $115,100 mark.
