Bitcoin bonds are like mushrooms after rain.

MetaPlanet, the largest Japanese Bitcoin treasury management company, announced on Monday that it purchased an additional 1111 Bitcoin.

According to a regulatory filing released on Monday, Metaplanet's total holdings reached 11,111 Bitcoin ( BTC ), placing the company's BTC holdings within close proximity to Tesla's current Bitcoin inventory of 11,509 BTC.
Metaplanet adds 1111 Bitcoin, approaching Tesla's Bitcoin holdings.
Source: Metaplanet
MetaPlanet spent 17.26 billion Japanese yen (, approximately 117 million dollars ) on the acquisition, paying on average just under 105,500 dollars per coin.

As of Monday, the trading price of Bitcoin was just under $102,000, about 3.3% lower than the purchase price, according to CoinMarketCap. Despite the short-term decline, Metaplanet's average cost basis remains low at $95,560 for the currency.
Metaplanet adds 1111 Bitcoin, approaching Tesla's Bitcoin holdings.
Related: Bitcoin as a treasury for companies: Why Meta, Amazon, and Microsoft rejected it
The Metaplanet treasury continues to grow.
This announcement comes after Metaplanet purchased 1,112 Bitcoin a week ago, raising the company's total Bitcoin holdings to 10,000 Bitcoin. This purchase also came two weeks after Metaplanet ranked eighth among the largest companies holding Bitcoin.
It briefly dropped to ninth place after Hut 8 mining company increased its holdings, but it has since regained eighth place.

The next company in line is Tesla, which owns 11,509 Bitcoin, just 398 Bitcoin more than Metaplanet. Given its track record, Metaplanet may surpass Tesla in holdings before the end of the month.