In this way, Metaplenet declares that it maintains binding projection for Bitcoin.
This recent purchase is made when Bitcoin is close to $ 120,000.
At a time when there are massive Bitcoin (BTC) sales by large whales, other entities remain faithful to their principles and, against the countercurrent, acquired more coins.
This is the case of Metaplanet, Japanese investment firm quoted in the stock market, which advertisement This Monday, July 28, the purchase of 780 Bitcoin (BTC). The operation was carried out for an amount of 13,666 million yen, equivalent to $ 92.1 million at the current market price.
With this acquisition, the company addition A total of 17,132 BTC in custody, valued at approximately 2,030 million dollars.
The purchase occurs at a time when the price of Bitcoin is around $ 120,000, amid mixed market movements. In addition, after the announcement, Metaplenet’s shares registered a 5.8% increase in hoursmoving from 7.94 to $ 8.40, as can be seen below:
The increase in its portfolio positions Metaplanet as the seventh public contribution company with more bitcoin in custody. With this figure, the company surpasses other relevant firms of the ecosystem, such as Galaxy Digital, CleansPark and Tesla.
Metaplenet accumulation strategy occurs while some entities and individuals choose to liquidate their holdings. Galaxy Digital, for example, announced the execution of one of the largest transactions ever registered in Bitcoin. The company sold more than 80,000 BTC for more than 9,000 million dollars in the name of one of the whales of the Satoshi Nakamoto era, as cryptooticies reported.
