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Strategy and Metaplanet Acquire 15,000 BTC Amid Market Rally

Key Points:

The initiative is led by Michael Saylor from Strategy and Simon Gerovitch from Metaplanet.

Bitcoin trading volume increased by 18% on exchanges.

Metaplanet's stock value surged significantly after the announcement.

Strategy and Metaplanet Acquire 15,000 BTC Amid Market Rally

The acquisition reflects increased institutional confidence in Bitcoin as a reserve asset, which stimulates a ripple effect that bolstered Bitcoin market valuation and trading volumes.

Strategy, under the leadership of Michael Saylor, and Metaplanet, led by Simon Gerovitch, acquired 15,000 Bitcoin. This purchase, amounting to approximately $1.5 billion, underscores corporate confidence in Bitcoin as a strategic reserve asset amid ongoing market volatility.

The purchase included 13,390 Bitcoin by Strategy for $1.34 billion and 1,241 Bitcoin by Metaplanet for $126.7 million. Metaplanet financed part of its purchase through $15 million in bonds, demonstrating ongoing interest in bolstering its Bitcoin holdings.

The trading price of Bitcoin rose from $62,500 to $63,940 shortly after the issuance of Metaplanet's bonds. This increase also impacted related stocks, as evidenced by a 5.7% rise in Metaplanet shares on May 13.