Bitcoin season ignites corporate FOMO: Metaplanet’s BTC holdings cross 17K
Main Idea
Metaplanet has significantly increased its Bitcoin holdings, surpassing 17,000 BTC, positioning itself as Asia's counterpart to MicroStrategy, while investor reactions to such corporate Bitcoin acquisitions remain mixed.
Key Points
1. Metaplanet purchased an additional 780 BTC, bringing its total holdings to over 17,000 BTC, spending approximately $92.93 million.
2. MicroStrategy's Executive Chairman Michael Saylor revealed the firm holds 607,770 BTC, valued at around $71.8 billion.
3. Bitcoin's price was around $118,850.87, up 0.54% over the last 24 hours, while the CMC Altcoin Index stood at 42.
4. Metaplanet's shares surged 5% to 1,240 JPY, whereas MicroStrategy's MSTR stock dipped 2.18% to $405.89.
5. Metaplanet achieved its 2025 target of holding 10,000 BTC ahead of schedule, highlighting its aggressive Bitcoin accumulation strategy.
Description
Metaplanet is quietly becoming the MicroStrategy of the East but are investors paying attention?
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