Metaplanet, a prominent investment fund, has purchased an additional 1 billion Yen equivalent to 107.91 BTC ($6.9 million), bringing its total Bitcoin holdings to 506.7 BTC worth around $32 million. The move shows that Metaplanet is continuing to increase its presence in the cryptocurrency market, especially Bitcoin, as it sees the long-term potential of this asset.
The continued purchase of Bitcoin by large institutions like Metaplanet could also have a positive impact on market sentiment, reinforcing investors’ confidence in Bitcoin as a store of value and an important part of their portfolios in a volatile financial environment.
