Metaplanet has expanded its Bitcoin holdings by acquiring an additional 2,205 BTC valued at $238.7 million, bringing the total to 15,555 BTC with an average price of $99,307 per Bitcoin.
The $1.54 billion investment made by Metaplanet reflects MicroStrategy's corporate Bitcoin strategy, leading to significant gains with a 416.6% year-to-date Bitcoin yield, as reported by CEO Simon Gerovich.
Metaplanet's aggressive Bitcoin acquisition approach, similar to U.S.-based firms, has influenced stock activity and institutional behavior in Asian markets, despite rising short interest indicating growing investor scrutiny.
Bitcoin's strong performance, with BTC trading at $109,048 and a 0.90% daily gain on July 7, has been accompanied by increasing institutional activity and trading signals, with analysts closely monitoring Metaplanet's strategic moves in the market.