Metaplanet bought another 1,000 BTC

-

Alright, the Japanese investment giant Metaplanet just made a boss move again. They bought 1,004 Bitcoin in one go, and this is their second-largest single purchase ever.

Over a thousand BTC, dropping more than $100 million in cold, hard cash.

Shopping

Metaplanet now holds 7,800 Bitcoin, worth around $807 million at today’s prices.

That’s not the biggest stash out there, but not small potatoes either. To put it in perspective, this move pushed their stash past El Salvador’s Bitcoin hoard.

They’re now the biggest public company Bitcoin holders in Asia and rank tenth worldwide. Not bad for a firm that’s been quietly but aggressively stacking sats.

Earlier this month, on May 12, Metaplanet dropped $129 million on 1,241 Bitcoin, their biggest buy to date.

And in just the last few months, they’ve been on a buying spree, 2,800 BTC in May alone, 794 in April, and 1,655 in March. This is like a serious player making big waves.

Ranking

Their Bitcoin yield? A juicy 95.6% in Q1 and 47.8% so far this quarter. That’s the percentage change in Bitcoin holdings per fully diluted share, basically, they’re not just holding but also they’re growing their stash quite fast.

And experts say if Metaplanet grabs another 301 BTC, they’ll leapfrog Galaxy Digital Holdings, which currently holds 8,100 Bitcoin and sits at ninth place globally.

The race is heating up! But hold on, the king of corporate Bitcoin hoarding remains Michael Saylor with his firm MicroStrategy.

The guy’s sitting on 568,840 Bitcoin, worth about $59 billion. Saylor’s strategy is still the gold standard, leading corporate Bitcoin growth with a massive 77% of the increase so far this year.

Twist

And guess what? Saylor’s not done. He teased another big buy coming this Monday with a cryptic post on X, saying, never short a man who buys orange ink by the barrel. Translation? He’s likely doubling down, guys.

Weird times. Corporations and businesses are now the biggest net buyers of Bitcoin this year, outpacing ETFs, governments, and even retail investors.

The big fish are gobbling up Bitcoin like it’s the last cannoli at the family dinner. Imagine reading this five years ago.


Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.

LATEST POSTS

Coinbase CEO Predicts $1M Bitcoin, Analyst Points to $124K First

Coinbase CEO Brian Armstrong said he expects Bitcoin to reach $1 million by 2030. He made the statement during the “Cheeky Pint” podcast with John...

Bitcoin + Fed chair drama = market uncertainty?

Bitcoin investors right now are waiting on the edge of their seats for one big move, who’s gonna replace Jerome Powell as Federal Reserve Chair?...

Crypto moves in the EV game, Faraday Future is the newest player

Imagine the office’s underdog, the guy who promised big but stumbled harder than Michael Scott on roller skates. That’s Faraday Future for you. Once hailed...

BitMine crash into the big league, hello $6.6 billion in crypto holdings

You know, BitMine Immersion Technologies was that quiet player grinding in the background, but now? Boom, this Las Vegas company just exploded onto the crypto...

Most Popular

Guest posts