Metaplanet, known for its Bitcoin investments, continues to expand its digital assets, while the cryptocurrency market shows significant growth.

New Bitcoin Acquisitions by Metaplanet

On October 7, 2024, Metaplanet announced the purchase of 108.78 BTC, amounting to 1 billion Japanese Yen. Following this acquisition, the company holds 639.503 Bitcoins. This is the second purchase for the current month; on October 1, Metaplanet bought 107.913 Bitcoins at an average price of 9,266,724 Yen per BTC. CEO Simon Gerovich confirmed that Metaplanet aims to hold more than 1,000 Bitcoins.

Crypto Market and Its Current Trends

Currently, the cryptocurrency market capitalization stands at $2.20 trillion, up 2.28% in the last 24 hours. The fear and greed index shows neutral sentiment at 42. Bitcoin is trading at $63,140, up 17.03% over the month. Ether increased by 1.25% intraday, reaching $2,459, attributed to a recent proposal by ETH developers.

Other Crypto Market News

On October 5, 2024, LEGO's website was hacked to promote a fraudulent cryptocurrency scheme. A company representative confirmed that an unauthorized banner was removed and measures are in place to prevent recurrence. The crypto market shows positive momentum for memecoins like Mog Coin, up 19.42%, and Dogwifhat, adding 17.06%. Meanwhile, Monera fell by 4.50%.

Metaplanet's investment activity indicates the strategic interest of major players in the growth of Bitcoin. The company's ongoing acquisitions reflect a trend among institutional investors who believe in the prospects of digital assets.