Strategy Expands Holdings as Metaplanet Unveils Bold Bitcoin Plan

Michael Saylor, the chairman of Strategy (formerly MicroStrategy), has added more Bitcoin (BTC) to the company’s growing collection. At the same time, Metaplanet, another Bitcoin-focused company, has revealed an ambitious plan to hold hundreds of thousands of Bitcoins by 2027. As Bitcoin’s price shifts, these companies remain firm in believing that the digital currency is a powerful long-term asset. Strategy Adds More Bitcoin Despite Price Dip Shortly after hinting at more Bitcoin buys , Michael Saylor shared that Strategy has purchased an additional 245 Bitcoins for around $26 million. Each digital coin was bought at an average price of $105,856. This brings the company’s total Bitcoin holdings to 592,345 BTC. These were acquired for about $41.87 billion and are now worth nearly $60 billion. In the post, Saylor shared the update with an image showing Strategy’s history of Bitcoin purchases. Each buy is marked with an orange dot, the color often linked to Bitcoin. Saylor said, “Nothing Stops This Orange,” meaning the company will continue its Bitcoin buying spree. Meanwhile, shortly after the Strategy’s latest buy-up, the Bitcoin price dropped below $100,000 , meaning the company bought the coin at a higher rate. According to CoinMarketCap data, Bitcoin is currently trading at $101,554, up by 2.26% in the last 24 hours. Furthermore, Saylor revealed that the Nasdaq-listed firm has earned a return of 19.2% on its Bitcoin investment so far this year. This strong result supports the company’s decision to continue buying. Metaplanet Takes a Bigger Step Forward While Strategy’s latest purchase is significant, Metaplanet, a Japan-based investment firm, made an even bigger move. The same day Saylor shared his update, the company announced it had bought 1,111 Bitcoins for roughly $118.2 million. Each Bitcoin was acquired at an average of $106,408. This brings Metaplanet’s total holdings to 11,111 BTC. These were purchased for about $1.07 billion and are now valued at over $1.12 billion. The company has seen a strong return, reporting a 306.7% yield this year, far above most market averages. Metaplanet Shares A Vision to Hold 210,000 Bitcoin Metaplanet is not stopping there. The company’s CEO, Simon Gerovich, recently shared a bold plan to raise $5.4 billion to purchase Bitcoin. He said the company aims to hold over 210,000 Bitcoins by 2027. According to this plan, Metaplanet wants to grow its Bitcoin treasury step by step. First, it plans to increase its holdings to 30,000 Bitcoins by the end of this year. After that, the company aims to reach 100,000 Bitcoins by the end of 2026. Finally, it hopes to hit its target of 201,112 BTC by the close of 2027. If successful, Metaplanet would become one of the largest Bitcoin holders in the world. The post Strategy Expands Holdings as Metaplanet Unveils Bold Bitcoin Plan appeared first on TheCoinrise.com .

Source: The Coin Rise