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Metaplanet Overtakes Coinbase in BTC Holdings With Latest Purchase
- Metaplanet acquired 1,112 BTC for $117.2 million, outpacing Coinbase in BTC holdings.
- The average price per coin was $105,435.
- Metaplanet's Bitcoin treasury now exceeds that of Coinbase, which holds 9,267 BTC.
- The company also approved issuing $210 million worth of bonds to EVO Fund to purchase Bitcoin.
- The bonds are set to mature on December 12, 2025.
- Metaplanet emphasizes its commitment to long-term Bitcoin investment with the raised funds.
- This move solidifies Metaplanet as a major corporate Bitcoin holder like MicroStrategy.
- The news was reported on Coindoo.
- Metaplanet's aggressive Bitcoin accumulation strategy continues.
- The company's latest purchase signals its ongoing focus on expanding its Bitcoin holdings.
- The acquisition of 1,112 BTC further strengthens Metaplanet's position in the crypto market.
- Metaplanet aims to bolster its market position through strategic Bitcoin investments.
- The latest buy demonstrates Metaplanet's proactive approach to Bitcoin acquisition.
- Metaplanet's move reflects the growing trend of companies increasing their Bitcoin holdings.
- CEO Simon Gerovich announced Metaplanet's substantial Bitcoin purchase.
- Metaplanet's decision to acquire more BTC emphasizes its confidence in the cryptocurrency's future.
- The company's strategic decisions highlight the evolving landscape of corporate Bitcoin investments.
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