Metaplanet, Smarter Web add nearly $100M in Bitcoin to treasuries

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.