Bitcoin (BTC) reached a new all-time high, surpassing $122,000 amid intensified corporate buying, notably highlighted by Metaplanet's purchase.
Metaplanet's Purchase: $93.6 Million for 797 BTC
Today, Metaplanet announced the purchase of 797 BTC for approximately $93.6 million. The company's CEO, Simon Gerovich, shared the news in a post on X. According to Gerovich, the purchase was made at an average price of around $117,451 per Bitcoin. Following this latest acquisition, Metaplanet's total holdings now stand at 16,352 BTC, valued at around $1.64 billion.
Michael Saylor May Resume BTC Buys
Not only Metaplanet is actively accumulating Bitcoin. Strategy co-founder Michael Saylor signaled that his firm might resume BTC purchases today after a week-long hiatus. In a post on X, he noted: "Some weeks you don’t just HODL." Saylor also shared a snapshot of the SaylorTracker chart, which often precedes an announcement of another Bitcoin buy from his company.
General Trends in the Crypto Market
Data from Bitcoin Treasuries shows that Strategy is the current leader in corporate Bitcoin holdings with 597,325 BTC. While the firm paused its Bitcoin acquisitions last week, it announced a $4.2 billion capital raise to buy more BTC.
The recent surge in Bitcoin, reaffirming its status as the leading cryptocurrency, is linked to the active actions of major companies, suggesting continued interest in digital assets among institutional investors.
