Bitcoin News: Metaplanet Buys 1,004 BTC in Second-Largest Purchase to Date
The post Bitcoin News: Metaplanet Buys 1,004 BTC in Second-Largest Purchase to Date appeared on BitcoinEthereumNews.com. Metaplanet has doubled up on its Bitcoin purchases with a new stash. Companies with an interest in BTC are now growing, with an impact on share prices. Japanese investment company Metaplanet has made headlines again with its latest Bitcoin (BTC) purchase. Notably, this marks another major milestone in its growing cryptocurrency portfolio. The current market outlook indicates that Metaplanet’s stock price surged to a three-month high following the announcement. Metaplanet Strengthens Position with $104 Million Bitcoin Bet Metaplanet has purchased 1,004 Bitcoin, spending around 15.2 billion yen, or approximately $104.6 million. This marks the company’s second-largest single buy of the digital asset. The move brings its total Bitcoin holdings to 7,800 BTC, currently valued at around $807 million. As mentioned in our recent news brief, the company’s share price shot up by 15% to JPY 712, extending its monthly gains to over 100%. In addition, the buyup happened as Bitcoin hovered near its all-time high, staying within 3% of its record. MarketCap data shows that the largest cryptocurrency, Bitcoin, is currently trading at $103,087.51, down 0.67%. It is worth noting that this recent purchase comes shortly after a major acquisition on May 12, when Metaplanet bought 1,241 BTC for $129 million. That transaction pushed the company’s total holdings beyond El Salvador’s BTC stash, placing the firm among the largest Bitcoin holders globally. According to figures from BiTBO, Metaplanet now holds more Bitcoin than any other publicly traded company in Asia. Globally, it ranks tenth in terms of public firm holdings. If it adds just 301 more BTC to its stash, it would overtake Galaxy Digital Holdings, which sits at ninth place with 8,100 BTC. Bitcoin Buying Strategy as New High Metaplanet’s approach to Bitcoin has grown more aggressive in recent months. In May alone, the firm added 2,800 BTC to…
The post Bitcoin News: Metaplanet Buys 1,004 BTC in Second-Largest Purchase to Date appeared on BitcoinEthereumNews.com.
Metaplanet has doubled up on its Bitcoin purchases with a new stash. Companies with an interest in BTC are now growing, with an impact on share prices. Japanese investment company Metaplanet has made headlines again with its latest Bitcoin (BTC) purchase. Notably, this marks another major milestone in its growing cryptocurrency portfolio. The current market outlook indicates that Metaplanet’s stock price surged to a three-month high following the announcement. Metaplanet Strengthens Position with $104 Million Bitcoin Bet Metaplanet has purchased 1,004 Bitcoin, spending around 15.2 billion yen, or approximately $104.6 million. This marks the company’s second-largest single buy of the digital asset. The move brings its total Bitcoin holdings to 7,800 BTC, currently valued at around $807 million. As mentioned in our recent news brief, the company’s share price shot up by 15% to JPY 712, extending its monthly gains to over 100%. In addition, the buyup happened as Bitcoin hovered near its all-time high, staying within 3% of its record. MarketCap data shows that the largest cryptocurrency, Bitcoin, is currently trading at $103,087.51, down 0.67%. It is worth noting that this recent purchase comes shortly after a major acquisition on May 12, when Metaplanet bought 1,241 BTC for $129 million. That transaction pushed the company’s total holdings beyond El Salvador’s BTC stash, placing the firm among the largest Bitcoin holders globally. According to figures from BiTBO, Metaplanet now holds more Bitcoin than any other publicly traded company in Asia. Globally, it ranks tenth in terms of public firm holdings. If it adds just 301 more BTC to its stash, it would overtake Galaxy Digital Holdings, which sits at ninth place with 8,100 BTC. Bitcoin Buying Strategy as New High Metaplanet’s approach to Bitcoin has grown more aggressive in recent months. In May alone, the firm added 2,800 BTC to…
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