Metaplanet buys 108.78 BTC, total holdings 639.5 BTC
– The Japanese investment firm Metaplanet recently acquired 108.78 Bitcoin (BTC) for 1 billion yen (approximately 6.7 million USD).
– Metaplanet now owns a total of 639.5 BTC, valued at around 40 million USD.
– Bitcoin ETFs (Exchange Traded Funds) in the U.S. now hold 4.6% of the total Bitcoin supply, which is nearly equivalent to the holdings of Satoshi Nakamoto.
Metaplanet Expands Bitcoin Portfolio
The Japanese investment firm Metaplanet has further expanded its Bitcoin holdings, recently purchasing 108.78 BTC for 1 billion yen (approximately 6.7 million USD). This latest acquisition is part of a series of purchases Metaplanet has made since April 23. In total, the company now holds 639.5 BTC, which is valued at around 40 million USD.
Strategy Behind Bitcoin Purchases
Metaplanet follows a clear strategy: the company is taking advantage of favorable market conditions to increase its Bitcoin holdings. This approach has earned Metaplanet the nickname “Asia’s MicroStrategy,” as it invests in Bitcoin at an institutional level, similar to the U.S. company MicroStrategy. With this strategy, Metaplanet aims to address the economic challenges in Japan, including negative interest rates and extensive monetary easing.
Bitcoin ETFs Gain Importance
In addition to Metaplanet’s involvement in Bitcoin, Bitcoin ETFs in the U.S. have also gained increasing importance. These financial products allow institutional investors to invest in Bitcoin without directly purchasing the cryptocurrency. Currently, Bitcoin ETFs hold 4.6% of the total Bitcoin supply, which is valued at approximately 58 billion USD. This means the ETFs’ holdings are approaching the Bitcoin reserves of Satoshi Nakamoto, the anonymous creator of Bitcoin.
Will Satoshi Nakamoto Be Overtaken as the Largest Bitcoin Holder?
With the growing interest of institutional investors in Bitcoin, the question arises whether Satoshi Nakamoto can maintain the position as the largest Bitcoin holder. According to data from SoSoValue, Bitcoin ETFs have already accumulated assets worth 57.73 billion USD. BlackRock, one of the largest asset managers in the world, leads with 22.91 billion USD in its Bitcoin ETF. Experts like Eric Balchunas, Senior ETF Analyst at Bloomberg, predict that ETFs could soon reach the 1 million Bitcoin mark.
Our Assessment
Metaplanet’s ongoing Bitcoin purchases show that the company firmly believes in the potential of the cryptocurrency. In a market environment marked by uncertainties, Bitcoin offers many investors a way to hedge against economic risks. The growing importance of Bitcoin ETFs also highlights the increasing institutional interest in the cryptocurrency. It will be exciting to see whether Satoshi Nakamoto can maintain the position as the largest Bitcoin holder or if institutional players like BlackRock will take over this role.
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| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
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| Cons |
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| Price | $63,541.00 |
| 24h % | 2.00 % |
| 7d % | -0.75 % |
| 30d % | 16.46 % |
| 60d % | 9.74 % |
| 1y % | 127.13 % |
| Market Cap | $1,254,862,371,743.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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