BULLISH🚨 JAPAN’S LIB WORK CO., A 3D-PRINTED HOUSING COMPANY, EMBRACES BITCOIN FOR CORPORATE TREASURY, SET TO ACQUIRE $3.3M IN $BTC TO HEDGE AGAINST INFLATION! https://t.co/4dHpXKy2OI
🔥 BULLISH: Japanese 3D-printed housing firm Lib Work Co. announces adopting Bitcoin as corporate treasury, plans to purchase $3.3M worth of $BTC as hedge against inflation. https://t.co/Tq2z1EXXxD
The number of Bitcoin treasury company buyers continues to fall, now at 2.8 per day despite price hitting ATHs. Is the tradfi cap-raising world reaching saturation, or is this just a dip? https://t.co/baBnYMWTEO
Japanese publicly listed company Metaplanet has expanded its Bitcoin holdings by acquiring an additional 775 bitcoins for approximately $93 million, bringing its total Bitcoin treasury to 18,888 BTC. The cumulative value of Metaplanet's Bitcoin assets is estimated at around $1.94 billion, with an average purchase price of about $102,653 per bitcoin. This acquisition marks 60.4% completion of Metaplanet's goal to own 30,000 bitcoins by the end of 2025. The company aims to hold 1% of the total Bitcoin supply by 2027, solidifying its position as Asia's largest corporate Bitcoin holder. Separately, Tokyo-listed 3D-printed housing firm Lib Work Co. announced plans to adopt Bitcoin for its corporate treasury, intending to purchase $3.3 million worth of bitcoin as a hedge against inflation. Meanwhile, the rate of new corporate Bitcoin treasury acquisitions has declined to 2.8 per day despite Bitcoin prices reaching all-time highs.