Smarter Web and Metaplanet Boost Bitcoin Reserves with $100M Buys
Two public companies, Smarter Web and Metaplanet, have made significant Bitcoin purchases, adding close to $100 million to their reserves. In London, Smarter Web bought 295 BTC for $35.2 million, raising its holdings to 2,395 BTC at an average cost of $110,555 and generating around $20 million in unrealized gains. In Tokyo, Metaplanet acquired 518 BTC for $61.4 million, bringing its total to 18,113 BTC at an average cost of $101,911. These Bitcoin purchases moved Smarter Web up to 23rd place and Metaplanet to 6th among public firms by Bitcoin holdings. Smarter Web funded its buy via equity and a Bitcoin-denominated bond, while Metaplanet plans to issue preferred shares to support further acquisitions. The surge in corporate Bitcoin purchases reflects growing institutional demand and may influence both short-term price momentum and long-term market confidence.
Bullish
The strategic Bitcoin purchases by Smarter Web and Metaplanet signal strong institutional confidence and are historically correlated with bullish market phases. Similar to MicroStrategy’s large-scale acquisitions, these targeted buys often spur short-term price rallies as demand outpaces sell-side liquidity. Over the long term, corporate accumulation underpins Bitcoin’s appeal as a reserve asset, potentially reducing supply available to retail traders and institutional entrants. Plans for further funding via bonds and preferred shares suggest continued upward pressure on prices. Traders may respond with increased long positions, anticipating sustained momentum and broader acceptance of Bitcoin in corporate treasuries.