💰🚀 Metaplanet significantly increases its reserves from #bitcoin with its second largest purchase.
The Japanese investment company Metaplanet has announced the acquisition of 1,004 Bitcoin ($BTC ), marking the second largest individual purchase in its history. This significant investment, valued at approximately $104.6 million (15.2 billion yen), raises Metaplanet's total Bitcoin holdings to 7,800 #BTC , which at current market prices exceed $807 million 🤯.
This purchase follows another substantial acquisition of 1,241 BTC made by Metaplanet the previous week, pushing its Bitcoin reserves above those of El Salvador. With these figures, Metaplanet positions itself as the public company with the largest Bitcoin holdings in Asia 🌏 and ranks among the top ten public companies globally with the largest cryptocurrency reserves 🌍.
Metaplanet has demonstrated a particularly aggressive Bitcoin accumulation strategy in recent months, acquiring 2,800 BTC just in May. The company also reported impressive returns on its BTC investments, reaching 95.6% in the first quarter and 47.8% so far in the second quarter 📈.
In the landscape of corporate Bitcoin holdings, MicroStrategy, led by Michael Saylor 👨💼, remains the undisputed leader with 568,840 BTC. However, Metaplanet's recent activity brings it closer to other major holders like Galaxy Digital Holdings. Michael Saylor himself hinted at a new purchase by MicroStrategy 🤫.
A recent report from River revealed that corporations and companies are the largest net buyers of Bitcoin this year, even surpassing exchange-traded funds (ETFs) and retail investors 🏢💰. This underscores a growing trend of institutional adoption of Bitcoin.
What do you think of this strong bet on Bitcoin by Metaplanet? 🤔
