This comes after Metaplanet made it to the top 30 publicly listed Japanese companies by trading volume, surpassing such major players as Itochu and NTT.
Bitcoin Standard Bearer: Japanese Company Metaplanet Surges Past Itochu, NTT in Trading Volume
After announcing its Bitcoin strategy in April, former budget hotel operator Metaplanet has quickly surged on the list of the top corporate holders of BTC.
Following its recent purchases, Metapublic’s current BTC holdings stand at $93 million, and it recently announced a new debt-for-Bitcoin offering. It is on track to surpass Bitcoin mining equipment manufacturer Canaan and Norwegian industrial giant Aker ASA in the near future.
MicroStrategy is, of course, the 800-pound gorilla setting the Bitcoin standard. The company’s Bitcoin coffers have become so big that it is head and shoulders above other corporate Bitcoin buyers.
The total value of its Bitcoin holdings has now surpassed $30 billion after the company announced its record-breaking $4.6 billion purchase on Monday. MicroStrategy has also announced a debt offer worth $1.75 billion to buy even more Bitcoin.
Eric Conner, the founder of EthHub, has opined that Bitcoin has now become centralized, with a single point of failure around Saylor.
Meanwhile, hedge fund manager Mark Spiegel recently warned that Saylor could see the fate of the Hunt brothers (whose audacious attempt to corner the silver market ended in bankruptcy).
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