🌏 Strategy and Metaplanet Bought a Total of $870 Million in Bitcoin
A typographical error in the initial post by Strategy's founder, Michael Saylor, which was quickly corrected, suggested that the acquisition was worth $764.9 billion. Hours earlier, Saylor had predicted that the "digital gold rush" would end in January 2035, telling his followers: "Get your Bitcoin before there is no Bitcoin left for you."
🤔 Meanwhile, Metaplanet is consolidating its autonomy as the Asian answer to Strategy.
The company listed in Tokyo revealed on Twitter that it has added 1,004 BTC to its reserves, spending $104.8 million in the process.
Both transactions likely contributed to the brief surge of Bitcoin above $106,000 over the weekend, just $3,000 away from uncharted territory.
Although not insignificant, MicroStrategy's reserves have appreciated by nearly $20 billion since August 2020, representing an unrealized gain of 48.6%
#SaylorBTCPurchase $BTC
DYOR 🤓