Metaplanet’s Recent Bitcoin Acquisition Could Strengthen Its Position Among Top Public Holders
Main Idea
Metaplanet has significantly increased its Bitcoin holdings to 17,132 BTC, valued at $1.73 billion, aiming to become a dominant player in the digital asset sector by targeting 210,000 BTC by 2027.
Key Points
1. Metaplanet acquired 780 Bitcoin at an average price of $118,622, bringing its total holdings to 17,132 BTC worth approximately $1.73 billion.
2. The company's Bitcoin portfolio has yielded a 449.7% year-to-date return, reflecting the success of its aggressive accumulation strategy.
3. Metaplanet is now the seventh-largest public Bitcoin holder globally, surpassing firms like Tesla and Galaxy Digital.
4. Following the acquisition, Metaplanet's stock price rose by 5%, despite recent market volatility.
5. The company aims to accumulate 210,000 BTC by 2027, positioning itself as a major player in the cryptocurrency market.
Description
Are You Chasing New Coins? Catch the newest crypto opportunities. Be the first to buy, be the first to win! Click here to discover new altcoins! Metaplanet has acquired
Latest News
- Bitcoin Faces Market Cooldown Amid Whale Activity and Cautious Outlook from Michael Saylor2025-07-29 16:04:20
- Bitcoin May Need Higher Volume to Break $120,000 Resistance and Enter Price Discovery Phase2025-07-29 16:03:53
- Twenty One Capital May Add 5,800 BTC to Holdings Ahead of Potential Public Listing2025-07-29 16:02:46
- Bitcoin Price Drops Below $118,000: Potential Factors and Strategic Considerations for Investors2025-07-29 15:59:48
- Shiba Inu’s Shytoshi Hints at New Shibarium Partnership as BONE-SHIB Pool Supports SHIB Burns2025-07-29 15:59:00