Metaplanet purchased over $405.48 million of Bitcoin, lifting its reserves to 40,177 BTC and becoming the world’s third-largest corporate holder, surpassing MARA. The announcement came Thursday even as the company’s shares slipped.
American Bitcoin, backed by former President Trump, has surpassed ProCap in corporate Bitcoin valuation amid a pullback in Bitcoin proxy stocks and renewed market volatility. The shift highlights changing investor flows and the competitive dynamics among fiat-backed crypto trusts.