Metaplanet & Smarter Web Boost Bitcoin Reserves by 813 BTC
Tokyo-based Metaplanet and London-listed Smarter Web don add their Bitcoin stores by buying together 813 BTC worth $100 million. Metaplanet buy 518 BTC for $61.4 million at an average of $118,519, make their reserves reach 18,113 BTC—sixth biggest for public companies. Smarter Web add 295 BTC through £26.3 million ($35.2 million) purchase at $119,412 each, bring their treasury to 2,395 BTC. Both companies use new kind finance—perpetual preferred shares, equity and Bitcoin-denominated bonds—and talk about BTC Yield metrics of 26.5% and 55.1% to measure Bitcoin reserves versus shares outstanding. These corporate Bitcoin buys happen as Bitcoin dey trade near $120,400, just 2% less than all-time high, show say institutional demand dey grow and traders get better hope.
Bullish
Dis corporate Bitcoin purchases dem represent big influx of institutional capital into Bitcoin reserves, wey fit drive short-term price momentum as demand dey increase against limited supply. Di use of innovative financing and di adoption of BTC Yield metrics still dey make corporate treasury strategies for crypto more legit, wey fit encourage other firms to follow plus strengthen long-term market confidence. As e be like that, traders fit interpret dis news as bullish signal, supporting both immediate upside pressure and positive outlook for Bitcoin’s price path.