Metaplanet has acquired an additional 1,112 Bitcoin for $117.2 million, bringing its total holdings to 10,000 BTC and overtaking Coinbase to become the ninth-largest publicly traded holder of Bitcoin, as corporate Bitcoin adoption continues to accelerate globally.

The Tokyo-based company purchased the Bitcoin at an average price of $105,435 per coin. The acquisition brings Metaplanet’s total investment in Bitcoin to approximately $947 million, with an average cost basis of $94,698 per BTC.

The pace of corporate Bitcoin accumulation has reached unprecedented levels. What started with Strategy has evolved into a global phenomenon, with over 150 public companies now holding…

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