Metaplanet buy 463 Bitcoin for $53.7M, dey target 1% by 2027
Japanese investment firm Metaplanet don buy extra 463 Bitcoin for $53.7 million during weekend dip, boost their total holdings to 17,595 BTC—wey now worth over $2 billion. Dis aggressive buying make Metaplanet become di world seventh biggest corporate BTC holder. At average price of $115,895 per coin, di company still dey confident despite $812.3 million wey comot from US spot Bitcoin ETF for beginning of August. Following Michael Saylor playbook, Metaplanet dey fund their corporate Bitcoin buy strategy through $3.73 billion perpetual preferred share issuance wey dey offer up to 6% annual dividend. Di firm dey aim to gather 210,000 BTC (1% of total supply) by end of 2027, and dem don reach 8.4% of di target with dis new buy. Meanwhile, institutional Ethereum accumulation dey increase. SharpLink chop 30,755 ETH over di weekend—spend $108.6 million in USDC—to bring their total to 480,031 ETH. The Ether Machine add 15,000 ETH for $56.9 million, raise their holdings to 334,757 ETH, pass Ethereum Foundation. Corporate crypto strategies dey evolve, as firms dey use preferred equity and on-chain buys to secure long-term digital assets.
Bullish
Metaplanet big big Bitcoin accumulation sai SharpLink and The Ether Machine continue dey buy Ethereum, na strong institutional confidence dem dey show. Corporate demand dey reduce spot supply, e dey support price floors and e dey attract more investment. Just like MicroStrategy strategy, preferred share financing dey show sustainable way to raise capital for digital assets. Short-term, e fit reduce volatility by offsetting ETF outflows; long-term, e dey support bullish momentum as plenty firms dey adopt active crypto treasury models.