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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 surged by 18% on exchanges.
Metaplanet's stock value significantly increased 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, stimulating a positive impact that boosted Bitcoin's market valuation and trading volumes.
Strategy, led by Michael Saylor, and Metaplanet, led by Simon Gerovitch, have acquired 15,000 Bitcoin. This purchase, worth approximately $1.5 billion, underscores corporate confidence in Bitcoin as a strategic reserve asset amid ongoing market volatility.
The purchase included 13,390 Bitcoin from 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 enhancing its Bitcoin holdings.
The price of Bitcoin trading rose from $62,500 to $63,940 shortly after Metaplanet's bond issuance. This increase also affected related stocks, as evidenced by a 5.7% rise in Metaplanet's shares on May 13.
