As Bitcoin continues to surge, two major players in the market—Metaplanet and MicroStrategy—are making significant moves to increase their Bitcoin holdings. Both companies have made it clear that they are fully committed to Bitcoin, doubling down on their investments despite BTC reaching new all-time highs.
Metaplanet’s Strategic Move
Metaplanet, a Japan-based stock exchange-listed firm, has been on a Bitcoin acquisition spree since May 2024. On November 18, the company announced the issuance of ¥1.75 billion ($11.3 million) in one-year bonds with a 0.36% coupon rate. The funds raised through this bond sale will be used to acquire even more Bitcoin, following the footsteps of MicroStrategy.
This strategic move follows Metaplanet’s success in acquiring more than 1,000 BTC through direct purchases and Bitcoin options trading. Over the last quarter, the company generated an impressive 155% BTC yield, showcasing the effectiveness of its approach.
At the current Bitcoin price of $90,000, Metaplanet’s bond sale could enable it to add approximately 122 more BTC to its reserve. The company’s stock price surged past the 2,000 JPY mark, but faced resistance as the market showed signs of cooling down.
MicroStrategy’s Continued Bitcoin Acquisition
MicroStrategy, led by Executive Chairman Michael Saylor, continues to strengthen its position as one of the largest corporate holders of Bitcoin. Just last week, the company made a major acquisition of 27,200 BTC worth $2 billion, bringing its total Bitcoin holdings to a staggering 279,420 BTC.
Saylor has hinted that this may not be the end of their Bitcoin buying spree. In a recent post on X (formerly Twitter), he left the door open for additional purchases, fueling speculation that MicroStrategy could acquire even more BTC in the coming weeks.
Saylor is not just focused on corporate holdings. He has also pushed for the creation of a US strategic Bitcoin reserve, claiming it could reduce the country’s national debt by $16 trillion. This vision is gaining traction as more lawmakers, including figures from the Trump administration, express support for the adoption of Bitcoin as part of national reserves.
The Bigger Picture: Bitcoin’s Growing Institutional Appeal
The moves by both Metaplanet and MicroStrategy reflect a larger trend in the growing institutional interest in Bitcoin. As more companies and even governments look to Bitcoin as a reserve asset, the price of Bitcoin continues to soar. This surge is fueled by widespread adoption, increasing demand from institutional investors, and the overall narrative of Bitcoin as a hedge against inflation and a store of value.
With influential figures such as Robert F. Kennedy Jr. endorsing Bitcoin and calling it “the currency of freedom,” the momentum for Bitcoin continues to build. It seems that large institutions, including those in the US, are starting to see Bitcoin as not just a speculative asset but as a core part of their financial strategies.
What’s Next for Bitcoin?
As of now, Bitcoin is trading at $91,954, marking a 1.32% increase from the previous day. Analysts are closely watching for a daily close above $91,900, which could set the stage for the next leg of the Bitcoin rally, potentially pushing the price toward $100,000.
With Metaplanet and MicroStrategy both making significant moves to acquire more Bitcoin, it’s clear that the institutional interest in the cryptocurrency space is not slowing down. This growing accumulation of Bitcoin could drive the price even higher in the coming months, as more entities add the asset to their balance sheets.
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