Bitcoin treasury company Metaplanet has announced a fresh purchase that has brought its holdings to fourth place on the BTC corporate ranking.

Metaplanet Has Acquired Another 5,268 Bitcoin

As revealed by Metaplanet President Simon Gerovich in a new post on X, the Japan-based Bitcoin treasury company has completed a new acquisition. In all, the company has added 5,268 BTC to its holdings at an average price of $116,870 per BTC or $615.67 million in total with the purchase.

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.

This is in contrast to the trend developing in the purchases of Strategy (formerly Microstrategy), the popularizer of the Bitcoin corporate treasury strategy. Although Michael Saylor’s firm has continued to buy recently, its purchases have been significantly smaller than earlier in the year.

The aggressive buying from Metaplanet has meant that its standing among Bitcoin treasuries has changed, with its holdings now ranking the fourth largest. Below is a table from BitcoinTreasuries.net comparing the top 10 BTC corporate holders.

Looks like Strategy is still by far the largest BTC corporate holder | Source: BitcoinTreasuries.net

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 acqui

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Author: Keshav Verma