Metaplanet, Smarter Web add nearly $100M in Bitcoin to treasuries
Main Idea
Metaplanet and The Smarter Web Company added nearly $100 million in Bitcoin to their treasuries, increasing their positions among the largest public Bitcoin holders.
Key Points
1. Metaplanet purchased 518 Bitcoin for $61.4 million, bringing its total holdings to 18,113 BTC worth approximately $2.15 billion.
2. The Smarter Web Company acquired 295 BTC for $35.2 million, increasing its total holdings to 2,395 BTC with an unrealized gain of about $20 million.
3. Metaplanet now ranks sixth globally in public company Bitcoin holdings, while The Smarter Web Company aims for a top-20 spot.
4. Corporate Bitcoin treasuries hold 791,662 BTC, representing nearly 4% of the circulating supply.
5. Some analysts warn of potential risks, including the possibility of nationalization of corporate Bitcoin holdings, drawing parallels to the 1971 gold standard exit.
Description
Metaplanet and the UK’s The Smarter Web Company added nearly $100 million in Bitcoin on Tuesday, boosting their positions among the largest public corporate BTC holders.
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