<ul><li>Japanese investment company Metaplanet has become the world’s eighth-largest corporate holder of Bitcoin by acquiring an additional 1,088 BTC for $117.9 million at an average price of $108,400 per coin.</li><li>Metaplanet now holds over 8,888 BTC, surpassing Galaxy Digital Holdings and Block Inc., indicating growing institutional confidence in the current bull market cycle in the face of financial uncertainty.</li><li>Bitcoin recently reached an all-time high of over $112,000 before retracing to $105,464, with analysts suggesting that the consolidation phase is a healthy development for potential future price movements.</li><li>Some concerns exist about a potential bubble in Bitcoin proxy stocks, with Metaplanet's Bitcoin premium soaring to $596,000, reflecting elevated market interest in indirect exposure to Bitcoin through such stocks.</li></ul>

Metaplanet becomes 8th largest Bitcoin holder with $118M buy

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