Smarter Web and Metaplanet Grow BTC Stash With $100M Buys

In London, a smarter web company discovered Purchase 295 BTC for £ 26.3 million ($ 35.2 million). The purchase was funded in part through an increase in capital of $ 10.2 million completed the day earlier, together with $ 21 million collected last week through a bond with a denominated Bitcoin.

With this addition, the company holds 2,395 BTC at an average price of $ 110,555which amounts to $ 264.8 million in consumption. At current prices, the share is worth about $ 284.8 million, which gives the company about $ 20 million unrealized profits.

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A smarter web company quickly builds its position. She bought more than 1,500 BTC in July. This increase moved the company from 36. At 23th place among public companies holding Bitcoin.

In Tokyo, Metaplanet announced Purchase 518 BTC for about $ 61.4 million. That has raised its Total share at 18.113 BTC, worth approximately $ 2.15 billion based on liquid prices. In all purchases, the average cost of the company is $ 101,911 according to Bitcoin.

Metaplanet, led by executive director Simon Gerovich, has taken the sixth among public companies with Bitcoin largest reserves. The company has announced that it plans to raise up to 555 billion yen ($ 3.7 billion) via Perpetual Preferred Shares to Finally Financing its purchase strategy.

Recently, David Bailey, head of Nakamoto Inc. and co -founder of BTC Inc. Focused on Bitcoin, announced that he plans to buy $ 762 million on Bitcoin. What did he say? Read the whole story.