Metaplanet Resumes Bitcoin Purchases After Three-Month Pause

Metaplanet Inc., a Tokyo-listed company, has reinstated the accumulation strategy on Bitcoin by buying 4,279 $BTC for around $450 million. This purchase takes its overall holding position to 35,102 BTC valued at approximately $3.3 billion.

The company halted their buying activities for three months but are still pursuing their strategy to grow their corporate Bitcoin treasury. They originally aimed at the development of the Web3 and the Blockchain sectors. However, their current focus is building their Bitcoin pile, with a target of 10,000 BTC by the end of 2025 and 21,000 BTC by 2026.

The action sets the tone in line with other corporate Bitcoin investments, as net purchases of Bitcoin by global listed companies reached $567 million in Bitcoin last week, led by Metaplanet. According to analysts, these purchase activities can help sustain the price of Bitcoin and even push the cryptocurrency to $150K from the current level of around $89K.

Metaplanet's approach is an affirmation of the increasing influence of corporate treasury adoption in shaping the future of digital assets.

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