Metaplanet conducted a second large-scale purchase, acquiring 1,004 Bitcoins (BTC).

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6 hours ago

Source: Cointelegraph
Original: “Metaplanet Makes Second Largest Purchase, Acquiring 1,004 Bitcoins (BTC)”

Japanese investment company Metaplanet has completed its second largest single purchase of Bitcoin in history, acquiring over 1,000 Bitcoins as cryptocurrency prices approached within 3% of their all-time highs.

On May 19, Metaplanet announced that it purchased 1,004 Bitcoins for a total investment of approximately 15.2 billion yen (about $104.6 million), bringing its total holdings to 7,800 Bitcoins, valued at approximately $807 million at current market prices.

This follows the company's previous large transaction on May 12, when it spent $129 million to acquire 1,241 BTC, which increased its Bitcoin holdings beyond that of El Salvador.

According to BiTBO data, Metaplanet has become the largest publicly listed company in Asia by Bitcoin holdings and ranks tenth globally among publicly listed companies.

The company reported a BTC yield of 95.6% for the first quarter, with a yield of 47.8% so far in the second quarter, a metric that measures the percentage change in Bitcoin holdings per share on a fully diluted basis.

If Metaplanet acquires an additional 301 BTC, it will surpass Galaxy Digital Holdings, currently ranked ninth with 8,100 Bitcoins.

Disclosure of Metaplanet's Bitcoin purchase. Source: Metaplanet

Michael Saylor's Strategy company remains far ahead in corporate BTC holdings, owning 568,840 Bitcoins, valued at approximately $59 billion.

Metaplanet has been more aggressive in asset accumulation in recent months, having purchased 2,800 Bitcoins just in May. In April, the company made four purchases totaling 794 BTC, and in March, it made six purchases totaling 1,655 BTC.

Meanwhile, Michael Saylor posted a screenshot of the Saylor Tracker (which monitors the company's Bitcoin portfolio) on the X platform, suggesting another purchase will occur on Monday.

Saylor stated, "Never short a guy buying a lot of orange ink."

According to data from BTC investment firm River, Strategy company leads the corporate sector in Bitcoin holdings growth this year, accounting for 77% of the total increase.

On May 12, River researchers revealed that corporate and business entities have been the largest net buyers of Bitcoin this year, with their purchase scale surpassing that of exchange-traded funds, governments, and even retail investors.

Related: Predictions based on the gold model indicate that Bitcoin (BTC) reaching $220,000 by 2025 is "logical."

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