Japanese firm Metaplanet continues to expand its investment in Bitcoin by acquiring an additional 135 BTC for $13 million. This strategy underscores their confidence in the long-term potential of the cryptocurrency.
New Bitcoin Investment
Metaplanet purchased 135 BTC at an average price of $96,185 per coin, bringing their total holdings to 2,235 BTC. This decision was made shortly before Bitcoin's price dropped to $92,000, demonstrating confidence in its long-term prospects. Despite a 3% dip in their stock price, the company recorded a 23.2% yield on BTC year-to-date and is targeting 35% by the end of 2025.
Bitcoin Market Analysis
As of February 25, 2025, Bitcoin is trading at $89,132.01 with a Relative Strength Index (RSI) of 30.43, signaling an oversold market condition. The 24-hour trading volume increased by 199.43%, indicating ongoing market volatility. Bitcoin nears its 21M cap, making it attractive to large investors.
Prospective Presale Cryptos
Despite market volatility, investors are shifting their focus to presale cryptocurrencies with high growth potential. These include AurealOne, DexBoss, Solaxy, Memelndex, and yPredict. These projects offer innovative solutions in the GameFi and decentralized fintech markets.
Metaplanet's decision to boost its Bitcoin holdings reaffirms the enduring interest among institutional investors. However, the diversity of promising presale cryptos provides investors with opportunities for faster growth and portfolio diversification.
