Metaplanet Buys 1,234 BTC for $133M, Pushes Total BTC Stash to 12,345 BTC

Metaplanet, a Japanese hotelier who took bitcoins

became the fifth largest holder of the company’s largest cryptocurrency and raced around Tesla Elon Musk.

Company on Tokyo List Bought 1 234 BTC for $ 133 million for an average price of $ 107,877. The latest purchase was taken by Metaplanet’s Bitcoin Stash at 12,345 BTC for an average price of $ 98,303.

Metaplanet is constantly gaining bitcoins, a strategy that has been copied by many companies around the world. The Bitcoin Reserve’s strategy was promoted by Michael Saylor’s strategy, which remains the largest Bitcoin holder with more than 570,000 BTC.

The latest purchase of a metaplanet has a last bitcoin possession of Tesla of 11,509 BTC, while the company stands only behind the large crypto companies such as Mara, Riot, Galaxy and Strategy.

Read more: Metaplanet raises $ 515 million, Blockchain Group adds $ 4.8 million in bitcoin treasures