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Crypto News

Metaplanet gets 68 BTC for $ 6.6 million

Metaplanet, a Japanese investment company, has expanded Bitcoin again, which represents a great milestone in the aggressive accumulation approach.

The company, which is sometimes similar to Microstrategy (Now the strategyFor its Bitcoin’s plan, it has been recently obtained Additional 68.59 BTCAnd bring its total possession to 2100 BTC. The last purchase, which is about 6.6 million dollars, was performed at an average price of 96335 dollars per bitcoin coins.

It aims to huge Bitcoin hide

Metaplanet put an ambitious goal in getting 10,000 BTC by the end of 2025, with the goal of more than 21,000 BTC by 2026. To support this expansion, the company will use internal funds and raise capital through stocks and debt offers.

with Bitcoin Since it is seen as a hedge against economic fluctuations, metaplanet places itself as a major player in the credit of the encrypted currency of companies.

Source: Metaplanet

The share price sees an immediate reaction

The price of Metaplanet shares increased by 2.78 % after the company Bitcoin purchased a splash. Although the increase was not noticeable, it still shows that investors are interested in placing money in the company, especially in the Bitcoin strategy.

This step follows the strategy, which was late to obtain a large amount of bitcoin. Positive interaction from investors indicates that they look at the Crypto metaplanet holdings as a long -term value leader.

After the course of the strategy

The concept of metaplanet is very similar to the strategy. The US -based company has become a large number of institutions, collecting approximately 480,000 BTC. The strategy revealed plans to raise $ 2 billion of convertible bonds to increase their bitcoin reserves. metaplanet It seems that he is following a similar path, but on a smaller scale today.

Bitcoin market cap currently at $1.95 trillion. Chart: TradingView.com

Bitcoin’s dependence among companies increases

For companies like metaplanet, changing rules and bitcoin fluctuation provides great obstacles. But companies that are trying to compensate for inflation and currency hearts find an appeal in the availability of limited bitcoin. Thus, Bitcoin’s dependence on companies increases as companies search for alternative reserves.

All eyes will be on the capabilities of Metaplanet to reach 10,000 BTC by 2025 with the intensification of bitcoin accumulation. The last purchase of the company shows its commitment to Bitcoin, but the only time to determine how this aggressive plan will come out.

Distinctive image from Gemini Imagen, the tradingvief chart

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