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Strategy nears 600,000 bitcoin as the “Strategy of Asia” also buys
It’s Monday, so it’s bitcoin-buying day for Strategy, which has acquired 4,980 bitcoin for $531.9 million. The largest corporate bitcoin holder now has 597,325 bitcoin. Metaplanet, the “Strategy of Asia,” which became the seventh-largest corporate bitcoin holder, also added to its reserve, acquiring 1,005 bitcoin for $108.1 million, giving it a total of 13,350. The company also announced the issuance of 0% interest rate ordinary bonds worth 30 billion yen ($208 million) to boost its bitcoin acquisition strategy. Benchmark Equity Research initiated coverage of the Japanese company this morning with a “buy” ... (full story)