Public companies buy Bitcoin again as BTC approaches $90,000
Bitcoin rebounds after tariff chaos, with public companies like Metaplanet making significant acquisitions. The company purchased assets worth $28.2 million, an increase of nearly $2 million from last week.
However, despite this newfound confidence, Metaplanet's stock performance remained volatile. The cryptocurrency market shows cautious optimism, but that won't immediately translate into significant gains.
Bitcoin rebounds as Metaplanet increases purchase volume
Although some corporate Bitcoin whales have temporarily paused their large purchases recently, the markets are starting to heat up again. Metaplanet began buying the dip last week, and Bitcoin has been making steady progress since then. Today, its CEO, Simon Gerovic, announced a new purchase as BTC rebounds.
While Bitcoin adoption has surged significantly over the past year, there remains a lot of uncertainty regarding tariffs and recession. Metaplanet may be in a precarious position right now, but its confidence in Bitcoin could provide a sense of stability in the long run.