Metaplanet don reach 16,352 BTC, Na fifth-biggest Bitcoin Treasury
Tokyo-listed Metaplanet don buy more 797 Bitcoin (BTC) for average price $117,451, make their total Bitcoin waka reach 16,352 BTC wey value nearly $1.64 billion, be the fifth biggest public Bitcoin treasury for the world after pass Galaxy Digital. Since dem change from hotel management for December 2024, Metaplanet dey use zero-interest bonds plus equity rights take fund their aggressive Bitcoin buying style, also plan put $5 billion inside their Florida branch to quicken acquisition. The company dey target to get 210,000 BTC by 2027 and wan use the BTC assets dem get take fund company deals wey bring stable income. For Q2, Metaplanet report say dem earn ¥1.1 billion ($7.6 million), wey show 42% increase from last year, their stock rise about 1% reach ¥1,596 after Bitcoin pass $121,000—up 435.9% since year start—amid spot ETF inflow of $2.7 billion last week, daily trading volumes pass $60 billion and futures open interest reach $86.1 billion. This move show say institutions dey demand Bitcoin well as the market capitalization don pass $2.4 trillion, overtake big tech companies like Amazon and Alphabet.
Bullish
Metaplanet big BTC buy and plan to quicken dem buy show say institutional confidence dey strong and demand no dey go down, e fit help short-term price hold. Dem dey use zero-interest debt pay and dem target make dem get 210,000 BTC by 2027, this one show say price go still dey climb and market go steady, e confirm say Bitcoin price fit go up.