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Metaplanet Outflanks El Salvador’s Bitcoin Treasury with 6,796 BTC Hoard
Metaplanet Outflanks El Salvador’s Bitcoin Treasury with 6,796 BTC Hoard
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Move over, nation-states—Tokyo-listed Metaplanet just lapped El Salvador’s Bitcoin reserves. The investment firm’s 6,796 BTC stash (worth ~$475M at press time) now dwarfs the Central American country’s 5,690 BTC.
Why it matters: When corporations accumulate faster than sovereign adopters, it flips the crypto-adoption narrative on its head. Cue the ’number go up’ memes.
The fine print: Unlike El Salvador’s legally-mandated Bitcoin gambit, Metaplanet’s holdings are a pure hedge against Japan’s crushing debt—because nothing says ’responsible fiscal policy’ like betting on volatile crypto assets.
Metaplanet, which is a Japanese investment company, has finally surpassed the Bitcoin holdings, as it is consistently following the accumulation strategy for crypto. The firm informed on May 12 that they purchased more 1,241 Bitcoin for the value of $129 million dur... Read More
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