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🇯🇵 Bullish News: Metaplanet Acquires Additional 1,088 BTC Worth $114 Million
Japanese investment giant Metaplanet has made another strategic move by purchasing 1,088 Bitcoin valued at approximately $114 million. This latest acquisition brings the company’s total holdings to a remarkable 8,888 BTC, worth around $930 million at current market prices.
This bold step underscores Metaplanet's growing commitment to Bitcoin as a treasury asset and a hedge against fiat currency devaluation. The move echoes a broader trend among institutional investors, especially in Asia, who are increasingly viewing Bitcoin as a long-term store of value.
📈 Market Implication:
Metaplanet’s aggressive accumulation signals strong institutional confidence in Bitcoin, contributing to the bullish momentum across the crypto market.
🔍 Key Figures:
Total BTC held: 8,888 BTC
Latest Purchase: 1,088 BTC
Total Value: ~$930 Million
As institutional adoption rises, eyes are on how such moves will impact Bitcoin supply and long-term price trends.