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Metaplanet Strengthens Its Bitcoin Market Position with New Purchase

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by Giorgi Kostiuk

6 hours ago

Japan-based Metaplanet has acquired an additional 2,205 BTC, bringing its total bitcoin holdings to 15,555 BTC. This purchase solidifies its market position.

Metaplanet's Purchase

Metaplanet announced the purchase of 2,205 BTC for approximately 34.49 billion yen (about $238.7 million). This transaction took place at an average price of 15.64 million yen per bitcoin.

Competition in the Bitcoin Market

According to recent data, Metaplanet has surpassed both Tesla and CleanSpark in total Bitcoin holdings. Tesla currently holds 11,509 BTC, while CleanSpark owns 12,502 BTC, and MicroStrategy remains the leader with 597,325 BTC.

Financial Results and New Metrics

In its Q2 report, Metaplanet reported revenues of 1.1 billion yen ($7.6 million), reflecting a 42.4% year-over-year increase. The new metric BTC Yield was introduced, achieving 95.6% for Q2.

Metaplanet is strengthening its position in the Bitcoin market through active purchases and growth in financial performance. However, analysts remain cautious about long-term bitcoin accumulation strategies.

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