Metaplanet Add 463 Bitcoin, Holdings Don Rise to 17,595 BTC
Metaplanet don buy 463 BTC for average price of $115,895 during one kain 5% price dip for August, dem spend ¥8 billion ($53.7 million). This one make their total Bitcoin dem get reach 17,595 BTC wey value pass $2 billion—na im make dem be the seventh largest company wey get Bitcoin. To fit continue dey buy more Bitcoin until dem reach their target of 210,000 BTC by end of 2027, Metaplanet go issue up to $3.73 billion for perpetual preferred shares wey get as e be up to 6% annual dividend, e mirror MicroStrategy way dey preserve equity. Corporate Bitcoin adoption still dey increase: 162 companies wey dem list for stock market now get BTC, plus institutional buyers add $7.8 billion for late July even though e get $812.3 million wey waka comot from spot US Bitcoin ETF on August 1. This steady Bitcoin buying somehow show sey confidence dey grow for Bitcoin as one long-term asset wey Companies fit use for treasury.
Bullish
Metaplanet buy 463 BTC wen market dip fak show sey dem strong confidence for Bitcoin way dem dey gather. For short term, dis kain steady buying fit help keep price no fall anyhow when market dey move up and down. For long term, dem target 210,000 BTC and dem dey follow MicroStrategy style wey no go make their equity loss, na im show sey Bitcoin dey grow as treasury asset, for sure e go make more big companies begin dey interested and e go push demand plus price up.