The post Metaplanet Buys 1,088 BTC, Entering Top 10 Corporate Holders appeared on BitcoinEthereumNews.com.

This latest purchase allowed Metaplanet to surpass both Galaxy Digital and Block Inc. in corporate Bitcoin holdings. The acquisition also proves that there is still rising institutional confidence despite Bitcoin’s recent volatility. Meanwhile, Strategy, led by Bitcoin bull Michael Saylor, acquired an additional 705 BTC for $75.1 million during the price dip, pushing its total holdings to a staggering 580,955 BTC. This stockpile is valued at over $40 billion. Strategy’s continued accumulation strategy is drawing a lot of attention, especially after a director’s share sale.  Despite turbulent markets, crypto investment products saw $286 million in inflows last week, which was the seventh consecutive week of capital inflows. While Bitcoin ETPs experienced slight outflows, Ethereum investment products surged and netted $321 million in their strongest week since late 2024. Japanese investment firm Metaplanet became the world’s eighth-largest corporate holder of Bitcoin after another major purchase. In a June 2 post on X, the company announced the acquisition of 1,088 BTC at an average price of $108,400 per coin, totaling $117.9 million. This latest investment brings Metaplanet’s total holdings to 8,888 BTC, placing it ahead of Galaxy Digital’s 8,100 BTC and Block Inc.’s 8,485 BTC, according to Bitbo data. The move is impressive not only for its size but also for the price point, which was over $100,000 per BTC. This could mean that the company has deepening institutional confidence in the ongoing bull market.  Largest Bitcoin holders (Source: Bitbo) The purchase also happened against a backdrop of rising economic uncertainty, particularly in Japan’s bond markets, where yield spikes are raising concerns over fiscal stability and sovereign debt risk. According to Bitwise’s head of European research, André Dragosch, current default probabilities across G20 bonds support a Bitcoin valuation above $200,000. Bitcoin itself recently reached an all-time high above $112,000 on May 22…

---

Filed under: News - @ June 2, 2025 2:27 pm