“Insanity”: Metaplanet now fourth-largest Bitcoin treasury

Metaplanet has announced the purchase of an additional 5,268 Bitcoin (BTC). As President Simon Gerovich wrote on Platform X today, Wednesday, October 1, the company now holds 30,823 BTC with a total value of $3.59 billion.
This makes Metaplanet the fourth largest Bitcoin treasury in the world – behind Strategy, MARA Holdings, Inc. and XXI.
Meanwhile, the Bitcoin price is also on the rise. The value of the number one cryptocurrency rises to over $116,400 during the course of the morning – a daily gain of 3.1 percent.
Shareholders welcome Metaplanet's Bitcoin roadmap. MTPLF has risen 76 percent since the beginning of the year, outperforming Bitcoin over the same period.
On X, analyst Adam Livingston points out the sheer speed of accumulation: “Metaplanet has quintupled its Bitcoin holdings and paid off all its debt in about 120 days. That's an insane feat. And they have the money to do sixfold.”
With over 640,000 BTC, Strategy remains by far the largest treasury. However, founder Michael Saylor has no intention of ending his strategy. He aims to accumulate BTC worth one trillion US dollars.
Currently, all Bitcoin treasury companies together hold 858 million BTC.
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