Crypto:
36638
Bitcoin:
$91.417
% 2.15
BTC Dominance:
%58.7
% 0.02
Market Cap:
$3.13 T
% 1.20
Fear & Greed:
28 / 100
Bitcoin:
$ 91.417
BTC Dominance:
% 58.7
Market Cap:
$3.13 T

Metaplanet Boosts Bitcoin Holdings with $53.7M Purchase

MetaPlanet Boosts Bitcoin Holdings Again! 

Japan-based Metaplanet is drawing attention in the cryptocurrency market. The company purchased 555 Bitcoin for $53.7 million, increasing its total reserves to 5,555 BTC. With an average purchase price of $96,768, this move strengthens Metaplanet’s Bitcoin strategy. The company is solidifying its position as Asia’s largest institutional Bitcoin holder. 

Metaplanet’s Strategic Bitcoin Moves 

Metaplanet is following Michael Saylor’s strategy model. Since April 2024, the firm has been aggressively accumulating Bitcoin and plans new purchases with a $25 million zero-interest bond issuance. These bonds were sold to EVO FUND and will mature on November 6, 2025. Additionally, the company’s stock surged by 13.32% following this acquisition. Furthermore, Metaplanet aims to enter the U.S. market through a subsidiary established in Miami, signaling its efforts to expand global reach. 

According to the mentioned data source, BlackRock, the world’s largest asset management company, has accumulated 614,639 Bitcoin through its iShares Bitcoin Trust ETF (IBIT). This cryptocurrency amount is equivalent to approximately $58.7 billion in fiat currency. 

Impact on the Crypto Market 

With Bitcoin trading at $97,000, Metaplanet’s purchases have made an impact on the market. The company aims to reach 21,000 BTC by 2026. Meanwhile, BlackRock’s Bitcoin ETF holds the lead with 614,639 BTC. The Company strategy reflects the growing interest of institutional investors in Bitcoin. 

According to CoinMarketCap data today, Bitcoin’s price was around $97,500 at 13:00 UTC, showing a 3.2% increase in the last 24 hours. This rise was accompanied by a global trading volume of $42 billion, up 18% from the previous day. 

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