Key Points
- Japanese firm Metaplanet acquires an additional 108.78 BTC, bringing its total holdings to 639.5 BTC.
- US Bitcoin ETFs hold 4.6% of BTC’s total supply, nearing Satoshi Nakamoto’s holdings.
Bitcoin’s recent price activity has seen some fluctuations, with the cryptocurrency trading at $63,480 at the time of writing, up by 2.3% over the previous 24 hours. This has led to increased interest in Bitcoin.
Metaplanet’s Bitcoin Accumulation
Japanese investment firm Metaplanet has capitalized on this momentum, announcing the acquisition of an additional 108.78 BTC for $6.7 million. This brings the firm’s total holdings to 639.5 BTC, valued at approximately $40 million. Metaplanet’s recent purchases are a reflection of its strategy to expand its BTC holdings amid renewed optimism in the cryptocurrency market.
The firm has been compared to MicroStrategy due to its proactive Bitcoin acquisition approach. By adopting BTC, Metaplanet aims to navigate Japan’s challenging economic landscape, characterized by negative interest rates and extensive quantitative easing.
Bitcoin ETFs Nearing Satoshi Nakamoto’s Holdings
The introduction of Bitcoin ETFs has been a game-changer, shifting mainstream sentiment towards viewing BTC as a strategic opportunity rather than a risk. Institutional interest in BTC has surged, with U.S. Spot Bitcoin ETFs now holding 4.6% of BTC’s total supply, nearing the holdings of Bitcoin’s largest owner, Satoshi Nakamoto.
Data has shown that BTC ETFs have amassed $57.73 billion in total assets. The increasing adoption of BTC raises the question of whether Nakamoto will maintain his status as the top Bitcoin holder or if this will change in the future.
