Japanese investment firm Metaplanet announced the acquisition of 1,004 Bitcoin at a total cost of 15.2 billion yen, marking its second-largest purchase in history.
Details of the Bitcoin Purchase
On May 12, Metaplanet reported acquiring 1,004 Bitcoin for 15.2 billion yen ($104.6 million). With this purchase, the firm's total holdings surged to 7,800 Bitcoin, valued at approximately $807 million based on current market prices.
Metaplanet's Market Achievements
Following this purchase, Metaplanet holds the largest Bitcoin reserves of any public company in Asia and ranks tenth globally among public firms. BiTBO data confirms that the firm is significantly ahead of countries like El Salvador regarding accumulated Bitcoin.
Michael Saylor's Strategy and Market Trends
Michael Saylor, who manages a substantial Bitcoin stake through his firm, hinted at a potential purchase. Saylor noted that, currently, his strategy shows significant growth in Bitcoin accumulation this year.
Metaplanet's purchase underscores the ongoing interest of large investors in Bitcoin. Further expansion of their assets could influence the market and establish new trends in cryptocurrency investments.
