Metaplanet surpasses Cleanspark with $108M Bitcoin buy

Metaplanet has become the fifth-largest corporate Bitcoin holder after its latest $108 million purchase, which comes on the same day the Japanese firm issued 0% interest bonds to buy more.

Japanese Bitcoin treasury firm Metaplanet has surpassed mining company Cleanspark in becoming the fifth-largest corporate holder of Bitcoin (BTC) after buying another 1,005 BTC for $108 million.

The firm now holds 13,350 BTC acquired for around $1.31 billion at around $97,832 per Bitcoin. At current market prices, the treasury is worth $1.45 billion. 

Bitcoin mining company CleanSpark holds 12,502 BTC, according to BiTBO. The firm has eclipsed Tesla, Hut 8, Coinbase and Block Inc. in Bitcoin treasury size and now only trails Strategy, Marathon Digital, Twenty One Capital and Riot Platforms.

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