- Institutional Interest in Bitcoin Grows
- Metaplanet Expands Its Crypto Portfolio
- Adopting the Microstrategy Investment Model
The cryptocurrency world continues to attract attention from major institutional players. One such company is Metaplanet Inc., which recently announced the additional purchase of Bitcoin worth 1 billion yen, reaffirming their confidence in the potential of this asset.
Institutional Interest in Bitcoin Grows
In recent months, Bitcoin has garnered significant interest from various institutional investors. Companies like Microstrategy have been actively purchasing Bitcoin since 2020. The latest acquisition by Microstrategy includes 7,420 BTC worth 458.2 million US dollars at an average price of 61,750 dollars per BTC. With this, Microstrategy's total Bitcoin holdings reached 252,220 BTC, making it the largest public holder of Bitcoin in the world.
Metaplanet Expands Its Crypto Portfolio
On October 1, 2024, Metaplanet Inc. completed the purchase of 107,913 bitcoins worth 1 billion yen, increasing its total crypto portfolio to 506,745 BTC. This underscores the company's belief in Bitcoin as a high-potential investment tool. Metaplanet employs this strategy with the aim of profiting from the opportunities presented by the cryptocurrency market.
Adopting the Microstrategy Investment Model
Metaplanet follows in the footsteps of Microstrategy, which under Michael Saylor's leadership, uses debt issuance to purchase bitcoins. This enables the company to strengthen its position in the crypto market. Metaplanet uses direct investments, hoping to benefit from the anticipated rise in Bitcoin prices.
These moves by large institutional players, like Microstrategy and Metaplanet, confirm the changing perception of Bitcoin as a significant investment asset. This development underscores the potential growth and strengthening of the crypto market amidst economic uncertainty.
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