Metaplanet buy 1,111 BTC for $118M, Holdings top 11,111 BTC
Metaplanet wey dey listed for Tokyo buy extra 1,111 BTC for $118.2 million at average price $106,408, bring their total Bitcoin holding to 11,111 BTC—pass Coinbase among corporate holders. The latest buy na full fund by $210 million bond (No. 18) to EVO Fund wey go mature on December 12, 2025. This one come after June 16 buy of 1,112 BTC for $117 million when Metaplanet first reach 10,000 BTC level. Since mid-2024, their aggressive BTC buy strategy don grow their balance sheet 28 times, bring quarter-to-date return of 107.9% and net gain of 4,367 BTC worth $451 million. Shares drop 3.5% on this news. Traders suppose notice say big demand still dey despite recent price fall, show say institutions dey gather more BTC.
Bullish
Metaplanet large scale BTC purchases and continued bond-funded accumulation dey show seh strong institutional demand dey for current price levels. For short term, dis fit support Bitcoin prices even as e get volatility, as traders dey expect more off-exchange bids. For long term, aggressive accumulation strategies plus 107.9% quarterly return dey reinforce bullish sentiment, mean say BTC go get steady upward pressure as corporate buyers dey lock supply small-small.