Metaplanet, has significantly boosted its Bitcoin [BTC] holdings by acquiring an additional 21.88 BTC, valued at over $1.2 million.
This move aligns with Bitcoin’s recent surge to around $65,000, marking a notable 4.5% increase following weeks of continuous decline.
For context, Metaplanet is financing its Bitcoin purchases through bond sales, similar to MicroStrategy’s approach. This highlights the growing institutional adoption of BTC. Additionally, Metaplanet’s recent announcement of expanding its BTC holdings has triggered a remarkable surge in its share price, soaring by an impressive 25.81% to reach 117 JPY.
As BTC’s proportion in its total assets continues to rise steadily, analysts speculate it could surpass 100% in the near future. This shows Metaplanet’s bold stance in embracing cryptocurrency as a core part of its investment strategy.
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