Japans top corporate Bitcoin treasury company, Metaplanet, has acquired another 2,204 Bitcoin for $237 million.In a filing on Monday, the company said it acquired an additional 2,204 Bitcoin (BTC) at an average price of 15,640,253 Japanese yen per Bitcoin (about $107,700).
This brings Metaplanets total holdings to 15,555 BTC at an average purchase price of about $99,985 each.According to BitcoinTreasuries.NET data, Metaplanet is the fifth-largest corporate holder of Bitcoin.
The company overtook the holdings of electric vehicle manufacturer Tesla in late June with an acquisition of 1,234 BTC, which brought its holdings to 12,345 BTC, with Tesla holding 11,509 BTC.The company also exceeded Bitcoin miner CleanSparks holdings of 12,502 BTC with a separate 1,005 BTC purchase valued at $108 million, disclosed on June 30.
Metaplanets 2025 Bitcoin holdings chart, last buy missing.
Source: BitcoinTreasuries.NETRelated: Bitcoin Treasury Corporation to relist on Toronto exchange, buys 292 BTCThe announcement follows the worlds top corporate Bitcoin holder, Strategy, announcing the acquisition of another 4,980 Bitcoin for $531.1 million on June 30 in its latest buy.
That acquisition brought the firms holdings to 597,325 BTC, purchased for about $42.4 billion at an average price of $70,982 per coin.Crypto entrepreneur Anthony Pomplianos firm ProCap made its first Bitcoin purchase of 3,724 BTC for $386 million in late June.
Healthcare tech firm Semler Scientific announced last month that it plans to increase its holdings from 3,808 Bitcoin to 105,000 Bitcoin.Related: Bitcoin as corporate treasury: Why Meta, Amazon and Microsoft all said noGlassnode lead analyst James Check suggested on Saturday that the Bitcoin treasury strategy may not have the longevity many expect.
Check said the easy upside may already be behind new companies entering the space.For many new entrants, it could already be over, he said, explaining that the crux is how sustainable a companys product and strategy for Bitcoin accumulation are.
He highlighted that investors favor the early adopter and nobody wants the 50th Treasury company.In late June, a report from venture capital firm Breed said that only a few Bitcoin treasury companies will avoid falling into a death spiral.Magazine: Arthur Hayes doesnt care when his Bitcoin predictions are totally wrong