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Bitcoin Investment: Strategy and Metaplanet’s $870M Purchase

Strategy and Metaplanet’s Significant Bitcoin Acquisitions

  • Strategy acquired 7,390 Bitcoin for $764.9 million, totaling 576,230 BTC.
  • This represents approximately 2.74% of Bitcoin’s total supply.
  • Metaplanet purchased 1,004 Bitcoin for $104.8 million.
  • Metaplanet aims to reach 10,000 BTC by year-end.
  • The purchases contributed to Bitcoin’s surge above $106,000 over the weekend.

Strategy and Metaplanet made significant Bitcoin acquisitions totaling $870 million, contributing to a rise in Bitcoin’s price above $106,000. Strategy now holds roughly 2.74% of the total Bitcoin supply with its latest purchase of 7,390 BTC.

Source (2.6)https://decrypt.co/320873/strategy-metaplanet-1-billion-bitcoin?rand=52368
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