Metaplanet, a publicly-listed investment and consulting firm based in Japan have purchased an additional 400 million Yen worth of Bitcoin.
and the broader crypto market bled red for days, Metaplanet, a publicly-listed investment and consulting firm based in Japan, has decided to increase its BTC holdings.
For those unfamiliar with the term, “buying the dip” reflects a belief in the asset’s long-term potential despite short-term market fluctuations.“MicroStrategy led with a 380% rise in stock price, driven by its 214,000 Bitcoin holdings now worth $13.3bn, purchased at an average cost of $35,158. These holdings have earned the company approximately $6.54bn since 2020.”
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