Metaplanet buys 1,111 BTC for $117 million, progressing toward new target of 30,000 BTC by EOY and other companies follow up

Metaplanet:

• Metaplanet, a Japanese company, has added 1,111 Bitcoin to its corporate treasury, bringing its total holdings to 11,111 BTC, just 398 BTC shy of Tesla's current stash.
• The company spent $117 million on the purchase, paying an average of $105,500 per coin.
• The company recently hit 10,000 BTC in total holdings, which was its initial year-end goal before it was revised to 30,000 BTC. Metaplanet's treasury continues to grow, and it may overtake Tesla's holdings before the end of the month.

Other companies:

• Multiple publicly traded companies are establishing or expanding their Bitcoin treasuries.
• Companies like Nakamoto Holdings, Parataxis Holdings, K33, and The Blockchain Group have recently acquired or announced plans to acquire Bitcoin.
• At least 240 public companies now hold Bitcoin, with over 832,000 BTC combined, representing 3.96% of the total supply.