📰 CRYPTO NEWS
Metaplanet, the Japanese firm that’s been gaining prominence in the crypto world, closed the third quarter by adding a net 1,000 BTC to its portfolio, bringing its total holdings to 44,000 BTC. What’s interesting about this move is that it wasn’t a direct purchase: the company first sold 10,000 BTC and then bought back 11,000, demonstrating significant liquidity in the market. This strategy reflects its business model, which aims to generate recurring income through preferred securities, with Bitcoin at the center of its treasury. It’s a move that bears a strong resemblance to what Strategy (formerly MicroStrategy) has been doing in the United States, but from Asia. It’s worth asking: as more institutional companies adopt this approach of actively and strategically accumulating BTC, how soon could that buying pressure start to have a significant impact on the price?
What do you think? I’m reading your comments 👇
Metaplanet, the Japanese firm that’s been gaining prominence in the crypto world, closed the third quarter by adding a net 1,000 BTC to its portfolio, bringing its total holdings to 44,000 BTC. What’s interesting about this move is that it wasn’t a direct purchase: the company first sold 10,000 BTC and then bought back 11,000, demonstrating significant liquidity in the market. This strategy reflects its business model, which aims to generate recurring income through preferred securities, with Bitcoin at the center of its treasury. It’s a move that bears a strong resemblance to what Strategy (formerly MicroStrategy) has been doing in the United States, but from Asia. It’s worth asking: as more institutional companies adopt this approach of actively and strategically accumulating BTC, how soon could that buying pressure start to have a significant impact on the price?
What do you think? I’m reading your comments 👇