Metaplanet’s massive Bitcoin buy sparks FOMO—SOL and XLM traders pivot to this coin with 33x potential
The post Metaplanet’s massive Bitcoin buy sparks FOMO—SOL and XLM traders pivot to this coin with 33x potential appeared on BitcoinEthereumNews.com.
Metaplanet buys 463 BTC for $53.7M, boosting holdings to 17,795 BTC worth $1.78B. Firm targets 210,000 BTC by 2027, plans $3.7B raise via perpetual preferred shares. Solana & Stellar holders shift to MAGACOIN FINANCE, eyeing 33x upside potential. Japanese firm Metaplanet has acquired 463 BTC for $53.7 million today. The company paid an average price of $115,895 per coin. The new purchase brings its total holdings to 17,795 BTC, worth approximately $1.78 billion. https://x.com/Metaplanet_JP/status/1952203387883188412 Metaplanet plans to accumulate 210,000 BTC by 2027. The plan includes holding 30,000 BTC by the end of 2024 and surpassing 100,000 BTC in 2026. The company is listed on the Tokyo Stock Exchange and has positioned Bitcoin as the cornerstone of its treasury strategy. The latest purchase it made today follows a previous acquisition the company made of 780 BTC. The total purchase amounted to around $92.5 million. Meanwhile, Metaplanet is in the race to the top 5 corporate holders as the supply of BTC decreases. The company acquisition method resembles that of Strategy, the current top corporate holder. Strategy holds 628,791 BTC in its reserve treasuries. Metaplanet also plans to raise $3.7 billion by issuing perpetual preferred shares to investors. The proposal to raise capital will be discussed at an upcoming Extraordinary General Meeting (EGM). The capital raised will be used to acquire more BTC. The company ranks as the top corporate BTC holder in Asia. Solana and Stellar investors are looking elsewhere In the past, Solana (SOL) and Stellar (XLM) have provided exceptional returns. Early investors have enjoyed returns in Solana, which has risen by more than 20 percent over the last year. Stellar has responded during the past bull cycles and has rewarded early investors with huge profits. However, as the market matures, many traders feel that coins with larger market caps…
Filed under: News - @ August 6, 2025 3:28 am