As Bitcoin becomes a favored investment option among corporations, three investment companies have recently acquired the leading cryptocurrency.
Japanese firm Metaplanet announced today that it purchased 2,205 BTC for $238.7 million, increasing its holdings to 15,555 BTC. The Blockchain Group, a French company, acquired 116 BTC for $11.6 million, bringing its total to 1,904 BTC. Finally, The Smarter Web purchased 226.42 BTC.
Metaplanet Snags 2,205 BTC for $238.7M
Metaplanet acquired 2,205 BTC at an average price of $108,237 per BTC, totaling approximately $238.7 million. This purchase, funded partly by zero-interest bonds, brings their total to 15,555 BTC, valued at $1.69 billion. The company’s rapid accumulation reflects its “555 Million Plan,” aiming for 210,000 BTC by 2027.
Following its $238.7 million purchase of 2,205 Bitcoin, the firm’s stock soared 9.9%, boosting its holdings. This surge added approximately $450 million to the company’s market capitalization, increasing it to $5 billion. The stock price jumped from $8.38 to $9.20 per share, reflecting investor enthusiasm for the firm’s aggressive Bitcoin strategy.
The Japanese firm achieved a significant milestone of 10,000 BTC holdings, at which time Bitcoin was valued at approximately $105,831. The firm’s $208 million bond issuance and $5.4 billion share plan fuel this sprint. To reach 30,000 BTC, Metaplanet must acquire BTC at a rate faster than its three-month target of 10,000 BTC. Its bold financing and market momentum suggest it is on track to meet this goal.
Others Announce Bitcoin Footprints
Today, many notable investment companies reveal and yet continue to bolster their love for the apex coin. The Blockchain Group, a leading crypto investment firm, confirmed this as it announced the acquisition of 116 Bitcoin (BTC) for approximately $11.5 million, increasing its total holdings to 1,904 BTC.
This transaction underscores the firm’s confidence in Bitcoin’s long-term value as digital currencies continue to gain significant global traction. Notably, the company reported an impressive year-to-date Bitcoin yield of 1,348.8%, underscoring the effectiveness of its investment strategy in the fluctuating crypto market.
In a related development, The Smarter Web, a technology-focused investment group, also acquired 226.42 BTC, although the financial terms of this transaction remain undisclosed. These strategic moves reflect the growing institutional interest in Bitcoin, which has experienced notable price increases in recent months amid rising adoption and market optimism.
Meanwhile, Bitcoin’s price currently stands at $108,780, with a market capitalization of $2.16 trillion and a 24-hour trading volume of $39.94 billion, according to CoinMarketCap.
