Metaplanet boosts Bitcoin holdings by $53 million following a substantial BTC acquisition as per its investment strategy.
Let's dive into the latest updates from the crypto world!
First off, Japan-based company Metaplanet has announced another purchase of Bitcoin, following in the footsteps of Michael Saylor's Strategy. Metaplanet recently bought an estimated 555 Bitcoins, expanding its digital gold hoard. At an average price of around $90,000 per Bitcoin, the company's latest purchase was worth approximately $53 million.
While we don't have the exact figures, Metaplanet's total Bitcoin holdings are now worth over half a billion dollars, as reported by analytics platform Lookonchain. This purchase was made via two platforms - bitFlyer and QCP Capital.
Speaking of giants in the financial world, BlackRock has surpassed Strategy in terms of Bitcoin holdings. BlackRock's iShares Bitcoin Trust ETF (IBIT) currently holds over 41,000 Bitcoins, equating to $3.92 billion in fiat. In comparison, Strategy's Bitcoin holdings are valued at around $38 billion.
BlackRock's iShares ETF witnessed impressive inflows of 5,613 Bitcoins worth $529.5 million on May 6. On May 13, they reportedly acquired an additional 686 Bitcoins, marking the 20th consecutive day of inflows into their Bitcoin holdings.
These developments demonstrate the growing institutional confidence in Bitcoin, as both companies continue to pile up BTC as part of their investment strategies. Keep an eye on these trends as the crypto market continues to evolve!
Sources:
- U.Today
- Arkham Intelligence (via Lookonchain)
- BlackRock's 13F Filing (Q1 2025)
- Various reports and news outlets
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During this Bank Heist on Crypto Street, Metaplanet, a Japan-based firm, joined the chase by acquiring 555 Bitcoins, valuing their Bitcoin hoard at over half a billion dollars. Meanwhile, the financial titan BlackRock has been crowned the Bitcoin king, holding over 41,000 Bitcoins through its iShares Bitcoin Trust ETF, worth nearly $4 billion. The tech-drive in trading crypto, including Bitcoin, Stablecoin, and other digital assets, is reminiscent of a bull run, with BlackRock adding an additional 686 Bitcoin to its wealth on May 13. The crypto world watchers, including U.Today, are keeping tabs on these developments as the market undergoes a transformative stablecoin technology-led revolution.
