Tuesday, May 13, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    New Details on Trump’s Memecoin Leaked from Official Website – Here’s What They’re Planning

    New Details on Trump’s Memecoin Leaked from Official Website – Here’s What They’re Planning

    NFT sales rise 10.6% to $115m, Doodles rally 500%

    NFT sales rise 10.6% to $115m, Doodles rally 500%

    Drink-to-earn? A new sparkling water comes with an NFT and points

    Drink-to-earn? A new sparkling water comes with an NFT and points

    Cobie says UpOnly will return if someone buys this $20M NFT

    Cobie says UpOnly will return if someone buys this $20M NFT

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    NFT sales jump 22% to $107m, Pudgy Penguins recover

  • Gaming
    How to Qualify for the Potential Soneium Airdrop and Maximize Rewards

    How to Qualify for the Potential Soneium Airdrop and Maximize Rewards

    Are NFT Marketplaces the Future of Online Gambling Payments?

    Are NFT Marketplaces the Future of Online Gambling Payments?

    Story Protocol Explained: Decentralizing IP Management for Creators and Developers

    Story Protocol Explained: Decentralizing IP Management for Creators and Developers

    How Web3 Gaming Infrastructure Became the Top Investment Priority in 2025

    How Web3 Gaming Infrastructure Became the Top Investment Priority in 2025

    Square Enix and Sony, Adidas on Sui, Coinbase Sponsors ‘League’ Esports

    Square Enix and Sony, Adidas on Sui, Coinbase Sponsors ‘League’ Esports

    Exciting Pudgy Penguins Game ‘Pengu Clash’ Launches on TON Blockchain

    Exciting Pudgy Penguins Game ‘Pengu Clash’ Launches on TON Blockchain

    Square Enix Is Bringing Its NFT Game to Sony’s Ethereum Network

    Square Enix Is Bringing Its NFT Game to Sony’s Ethereum Network

    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How to Build a Web3 dApp: Step-by-Step Guide

    How to Build a Web3 dApp: Step-by-Step Guide

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What Is a Layer-0 Blockchain Protocol?

    What Is a Layer-0 Blockchain Protocol?

    What They Are and What They Are For

    What They Are and What They Are For

    What It is & Why it Matters

    What It is & Why it Matters

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    New Details on Trump’s Memecoin Leaked from Official Website – Here’s What They’re Planning

    New Details on Trump’s Memecoin Leaked from Official Website – Here’s What They’re Planning

    NFT sales rise 10.6% to $115m, Doodles rally 500%

    NFT sales rise 10.6% to $115m, Doodles rally 500%

    Drink-to-earn? A new sparkling water comes with an NFT and points

    Drink-to-earn? A new sparkling water comes with an NFT and points

    Cobie says UpOnly will return if someone buys this $20M NFT

    Cobie says UpOnly will return if someone buys this $20M NFT

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Edge Matrix, CoLabs Partner to Fortify NFT Creators

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Donald Trump Denies Claims of Profiting From TRUMP Token

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Argentine Football Association Partners With STEPN to Launch Digital Sneakers

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    Pudgy Penguins #6873 Leads With Top NFT Sale Worth $360.2k

    NFT sales jump 22% to $107m, Pudgy Penguins recover

    NFT sales jump 22% to $107m, Pudgy Penguins recover

  • Gaming
    How to Qualify for the Potential Soneium Airdrop and Maximize Rewards

    How to Qualify for the Potential Soneium Airdrop and Maximize Rewards

    Are NFT Marketplaces the Future of Online Gambling Payments?

    Are NFT Marketplaces the Future of Online Gambling Payments?

    Story Protocol Explained: Decentralizing IP Management for Creators and Developers

    Story Protocol Explained: Decentralizing IP Management for Creators and Developers

    How Web3 Gaming Infrastructure Became the Top Investment Priority in 2025

    How Web3 Gaming Infrastructure Became the Top Investment Priority in 2025

    Square Enix and Sony, Adidas on Sui, Coinbase Sponsors ‘League’ Esports

    Square Enix and Sony, Adidas on Sui, Coinbase Sponsors ‘League’ Esports

    Exciting Pudgy Penguins Game ‘Pengu Clash’ Launches on TON Blockchain

    Exciting Pudgy Penguins Game ‘Pengu Clash’ Launches on TON Blockchain

    Square Enix Is Bringing Its NFT Game to Sony’s Ethereum Network

    Square Enix Is Bringing Its NFT Game to Sony’s Ethereum Network

    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How the Maldives Is Building a $9 Billion Blockchain Hub to Transform Its Economy

    How to Build a Web3 dApp: Step-by-Step Guide

    How to Build a Web3 dApp: Step-by-Step Guide

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    What Is Proof-of-Work (PoW) in Blockchain? A Beginner-Friendly Guide

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    What is Proof-of-Authority (POA) Consensus in Blockchain?

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    What Is Proof-of-Stake (PoS)? Guide to Blockchain Consensus for Beginners

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-1 (L1) Blockchain? L1 Problems & Future

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What is a Layer-2 (L2) Blockchain Solution? Types & Problems They Solve

    What Is a Layer-0 Blockchain Protocol?

    What Is a Layer-0 Blockchain Protocol?

    What They Are and What They Are For

    What They Are and What They Are For

    What It is & Why it Matters

    What It is & Why it Matters

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

    Most Profitable Crypto to Mine in 2025: Best Altcoins for Mining

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

Unpacking what’s next for Bitcoin as Metaplanet stocks up on 57.1 BTC

August 14, 2024
in Bitcoin
2
Unpacking what’s next for Bitcoin as Metaplanet stocks up on 57.1 BTC
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Metaplanet buys another $3.3 million worth of BTC.
  • The recent purchase is a part of the company’s Bitcoin accumulation strategy.

Over the past seven months, major crypto companies have turned to Bitcoin to boost their stock.

Amidst increased institutional interest as companies bet on Bitcoin’s future value, Japanese Metaplanet has been on a buying spree to accumulate as much BTC as possible.

Metaplanet buys BTC worth ¥500 million

Source: X

Barely a week ago, Metaplanet secured a loan of ¥1 billion to acquire more BTC. The company’s CEO, Simon Gerovich, through his official X (formerly Twitter) page, shared,

“Always be staking #bitcoin.”

The recent acquisition is a part of the broader company’s strategy to accumulate BTC. The company hopes to stake its future value in something like America’s MicroStrategy on BTC.

Metaplanet’s BTC Strategy

As reported earlier by AMBCrypto, Metaplanet has been on a buying spree to increase the total BTC holding through long-term accumulation.

The recent purchase of 57.103 worth $3.3 million brings the company’s total BTC stockpile to 303.95 Bitcoins worth $18 million. The purchase is as part of various purchases over the past months.

On the 28th of May, the company bought $1.6 million worth of BTC. In July, it purchased 19.87 BTC worth $1.7 million. In June, it purchased $1.59 worth of Bitcoin.

With another 21.877 BTC purchase, the company has ensured a continuous accumulation and holding of BTC.

Impact on Metaplanet

Source: Google Finance

Notably, Metaplant’s Bitcoin strategy has made the Japanese one of the key players among global institutions.

According to data from CoinGecko, Metaplanet was at the 20th position among the largest institutional holders of BTC.

See also  As February Winds Down, Bitcoin Miners See a $190M Drop in Revenue

Therefore, this strategy has paid off, seeing the company stock rise exponentially. Google Finance said the stock has increased by 82.87% over the past five days.

This surge has seen the stock rise by 600.63% over YTD. This surge shows that the strategy is paying for the company.

Metaplanet has experienced a considerable rise over the past seven months, and with the projected value of BTC, the accumulation is positioned to make the company a key player.

Source: Market Screener

Next: Bitcoin dominance dips to 55%: Time for altcoins to shine?

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Metaplanet buys another $3.3 million worth of BTC.
  • The recent purchase is a part of the company’s Bitcoin accumulation strategy.

Over the past seven months, major crypto companies have turned to Bitcoin to boost their stock.

Amidst increased institutional interest as companies bet on Bitcoin’s future value, Japanese Metaplanet has been on a buying spree to accumulate as much BTC as possible.

Metaplanet buys BTC worth ¥500 million

Source: X

Barely a week ago, Metaplanet secured a loan of ¥1 billion to acquire more BTC. The company’s CEO, Simon Gerovich, through his official X (formerly Twitter) page, shared,

“Always be staking #bitcoin.”

The recent acquisition is a part of the broader company’s strategy to accumulate BTC. The company hopes to stake its future value in something like America’s MicroStrategy on BTC.

Metaplanet’s BTC Strategy

As reported earlier by AMBCrypto, Metaplanet has been on a buying spree to increase the total BTC holding through long-term accumulation.

See also  Bitcoin news: How Bhutan beat El Salvador with 2x BTC reserves

The recent purchase of 57.103 worth $3.3 million brings the company’s total BTC stockpile to 303.95 Bitcoins worth $18 million. The purchase is as part of various purchases over the past months.

On the 28th of May, the company bought $1.6 million worth of BTC. In July, it purchased 19.87 BTC worth $1.7 million. In June, it purchased $1.59 worth of Bitcoin.

With another 21.877 BTC purchase, the company has ensured a continuous accumulation and holding of BTC.

Impact on Metaplanet

Source: Google Finance

Notably, Metaplant’s Bitcoin strategy has made the Japanese one of the key players among global institutions.

According to data from CoinGecko, Metaplanet was at the 20th position among the largest institutional holders of BTC.

Therefore, this strategy has paid off, seeing the company stock rise exponentially. Google Finance said the stock has increased by 82.87% over the past five days.

This surge has seen the stock rise by 600.63% over YTD. This surge shows that the strategy is paying for the company.

Metaplanet has experienced a considerable rise over the past seven months, and with the projected value of BTC, the accumulation is positioned to make the company a key player.

Source: Market Screener

Next: Bitcoin dominance dips to 55%: Time for altcoins to shine?
Tags: BitcoinBTCMetaplanetStocksUnpackingWhats

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
Is the NFT Market Back on Track?

Is the NFT Market Back on Track?

Comments 2

  1. Leonardnah says:
    9 months ago

    https://mexicopharmacy.win/# buying prescription drugs in mexico

    Reply
  2. Prodvijenie saitov v Moskve_vekr says:
    9 months ago

    сео продвижение москва prodvizhenie-sajtov13.ru .

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
Ethereum crosses $3.2K as L2 crosses new milestone: What now?

Ethereum crosses $3.2K as L2 crosses new milestone: What now?

May 6, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Here’s why ChatGPT expects Cardano to hit $10 by the end of 2024

ChatGPT’s prediction says ADA will cross this price in 2024

February 18, 2024
Blocknative’s Cutler explains the pitfalls of private order flow

Blocknative’s Cutler explains the pitfalls of private order flow

October 25, 2023
CryptoPunks face backlash while DMarket leads NFT sales

CryptoPunks face backlash while DMarket leads NFT sales

May 21, 2024
Ethereum: Here’s how the market bought and sold ETH in Q1

Ethereum: Here’s how the market bought and sold ETH in Q1

April 6, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • ETH to $10K? – Analysts say the chart and rivals point to ‘yes’
  • How to Qualify for the Potential Soneium Airdrop and Maximize Rewards
  • Ethereum Hits Major Level After Biggest Weekly Candle In Years – What Comes Next?

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.