Metaplanet Surpasses 5,000 Bitcoin Holdings Amid Market Consolidation
Metaplanet Surpasses 5,000 Bitcoin Holdings
- Tokyo-listed Metaplanet has increased its Bitcoin portfolio to over 5,000 BTC.
- The firm aims to reach 10,000 BTC by end of 2025 as part of its long-term strategy.
- Recent acquisition included 145 BTC for approximately $13.6 million.
- Total Bitcoin value now stands around $428 million.
- Metaplanet's 21 Million Plan targets 10,000 BTC by 2025 and 21,000 BTC by 2026.
- In April alone, the company purchased over 1,650 BTC totaling nearly $153 million.
- CEO Simon Gerovich stated the goal is to lead in global Bitcoin holdings, starting from Japan.
- Since mid-2024, the firm raised about $745 million, marking Asia’s largest capital raise.
Market Overview
- The Bitcoin market shows a near-even split, with 49.6% long positions and 50.4% short.
- Current Bitcoin price is $92,530, down 1.82% in 24 hours after reaching a high of $94,535 earlier this week.
- Traders are cautious, hedging their positions amid uncertain momentum.
- Despite Metaplanet's accumulation strategy, its stock decreased by 4.57% to $2.49.
- MicroStrategy confirmed a major Bitcoin purchase worth $555.8 million.