In the heart of Tokyo, where neon lights flicker like restless fireflies, Metaplanet, the investment firm with a penchant for digital gold, has once again dipped its toes into the Bitcoin pool. 🏊♂️ Earlier today, the firm announced its latest acquisition, swelling its Bitcoin stash to a staggering 2,000 BTC. Because, why not?
Metaplanet’s Bitcoin Binge Continues 🍿
In a move that could only be described as audacious, Metaplanet scooped up 269.43 BTC at an average price of 14,846,322 yen per coin. That’s roughly $25.8 million, in case you’re keeping score. With this latest splurge, the firm now boasts 2,031.41 BTC, purchased at an average of 12,243,936 yen per Bitcoin. Not bad for a day’s work, eh?
Metaplanet’s relentless Bitcoin hoarding is a testament to its unwavering faith in the digital asset. Despite the rollercoaster ride that is Bitcoin’s price, the firm remains optimistic about its future. After all, what’s a little volatility when you’re playing the long game?
Back in January, Metaplanet unveiled a grand plan to keep the Bitcoin party going. The firm intends to issue 21 million new share subscription rights with a 0% discount rate, aiming to attract a cool 116 billion JPY (about $745 million). If successful, this could go down as one of the largest Bitcoin purchases in Asian history. Talk about making a splash! 💦
*Metaplanet purchases additional 269.43 $BTC*
— Metaplanet Inc. (@Metaplanet_JP) February 17, 2025
As previously reported by U.Today, Metaplanet has its sights set on amassing 10,000 BTC by the end of 2025. And by 2026? They’re aiming to double that to 21,000 BTC. If they pull it off, Metaplanet could cement its place as one of the world’s top corporate Bitcoin holders. Move over, whales—there’s a new shark in town. 🦈
Bitcoin’s Mood Swings 📉📈
Meanwhile, Bitcoin’s price is currently on a downward spiral, reflecting the broader market’s gloomy outlook. In the last 24 hours, it’s dipped by 1.24% to $96,119. But hey, it’s not all doom and gloom—trading volume is up 28.8% to $20.2 billion, hinting at a potential rebound. So, keep your seatbelts fastened; this ride isn’t over yet. 🎢
Market experts remain bullish on Bitcoin’s prospects, citing the growing institutional adoption. Firms like Strategy, Semler Scientific, and Riot Platform are doubling down on their Bitcoin investments. It seems the digital gold rush is far from over. 🏃♂️💨
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2025-02-17 12:29