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Metaplanet and MicroStrategy buy more Bitcoin before Christmas
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THE cryptocurrency market remains busy with the recent acquisitions of Bitcoin carried out by two giants: the Japanese Metaplanet Inc. and the American MicroStrategy.
Both companies maintain an aggressive stance on acquiring the world’s largest cryptocurrency, signaling trust in its long-term potential.
THE Metaplanetbased in Tokyo, announced this Monday (23) the purchase of 619.7 Bitcoinsinvesting around US$61 million. The company paid an average price of US$97,786 per unitincreasing its total reserves to 1,761.98 BTCvalued at approximately US$167.1 million.
This acquisition occurred after the issuance of two batches of bonds, totaling 9.5 billion yen (about US$60.6 million), aimed at accelerating the Bitcoin purchasing strategy.
Bitcoin as a store of value
Meanwhile, the MicroStrategyunder the leadership of Michael Saylor, announced the acquisition of more 15,350 Bitcoins. The company paid around US$1.6 billion to make the purchase, which increased its reserves to 439 thousand Bitcoinscurrently valued at more than US$46 billion.
Since November, the company has maintained a weekly purchasing frequency, adding 171,430 Bitcoins on its balance sheet during that period.
These strategies not only consolidate the two companies’ position as major influencers in the Bitcoin ecosystem, but also highlight the growing confidence in market recovery.
The value of Bitcoin has risen 22% since Novemberreaching the quotation of $108,572. This upward movement is in line with optimistic analyst forecasts, which indicate a likelihood of the price surpassing US$150,000 by January 2025. Despite this, Bitcoin operates lower this Monday, trading at around US$96,000, according to data from CoinGecko.
Both Metaplanet and MicroStrategy stand out for transform Bitcoin into a strategic asset in your treasuries. For Metaplanet, which began its purchases in May 2024, Bitcoin represents a crucial store of value.
MicroStrategy has already established itself as a “Bitcoin treasury company”attracting investors who see their shares as an indirect alternative to exposure to the digital asset.
Metaplanet and MicroStrategy buy more Bitcoin before Christmas
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Metaplanet and MicroStrategy buy more Bitcoin before Christmas
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Metaplanet and MicroStrategy buy more Bitcoin before Christmas
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Metaplanet and MicroStrategy buy more Bitcoin before Christmas
