coindesk.com
Metaplanet, the Japanese hotelier that has been scooping up bitcoin
The Tokyo-listed firm bought 1,234 $BTC for $133 million at an average price of $107,877. The latest buy has taken Metaplanet's bitcoin stash to 12,345 $BTC at an average price of $98,303.
Metaplanet has been steadily acquiring bitcoin, a strategy that has been copied by a host of firms across the world. The bitcoin reserve strategy was pioneered by Michael Saylor's Strategy, which remains the largest corporate holder of bitcoin with over 570,000 $BTC.
Metaplanet's latest buy takes its past Tesla's bitcoin holdings of 11,509 $BTC, with the firm only trailing behind large crypto firms, such as MARA, Riot, Galaxy and Strategy.
Read more: Metaplanet Raises $515M, Blockchain Group Adds $4.8M in Bitcoin Treasury Equity Moves