r/CryptoCurrency • u/DryMyBottom 🟩 0 / 0 🦠 • 4h ago

GENERAL-NEWS Metaplanet buys additional $12 million BTC as it edges closer to year-end target

https://crypto.news/metaplanet-buys-additional-12-million-btc-as-it-edges-closer-to-year-end-target/
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u/coinfeeds-bot 🟩 136K / 136K 🐋 4h ago

tldr; Metaplanet, a Tokyo-based Bitcoin treasury firm, has purchased an additional 103 BTC for $11.7 million, bringing its total holdings to 18,991 BTC worth $1.95 billion. The firm has achieved a 479.5% BTC yield year-to-date in 2025 and aims to hold 30,000 BTC by the end of 2025, 100,000 BTC by 2026, and 210,000 BTC by 2027. Metaplanet, now Asia's largest Bitcoin holder, has seen its stock rise 147.9% year-to-date and was recently upgraded to a mid-cap listing in the FTSE Japan Index, enhancing its visibility among institutional investors.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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u/Ikki_The_Phoenix 🟨 0 / 0 🦠 4h ago

Every day I see the same news over and over again. Did they really buy it? So, why BTC price is going down? If those companies are buying lots of BTCs weren't the BTC price supposed to go up? 🤔

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u/Pitagrec 🟨 0 / 0 🦠 4h ago

Because it's 12mln USD on a BTC market cap of 2 trillion. That doesn't move the market.

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u/tesseramous 🟦 0 / 0 🦠 4h ago

There's bigger fish in the sea selling billions each right now not millions

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u/Ikki_The_Phoenix 🟨 0 / 0 🦠 2h ago

Sounds like Gordon Gekko was right when he said and I quote: "It's about bucks, kid. The rest is just conversation."