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Metaplanet Adds 1,000 Bitcoin, Holdings Reach 44,000 BTC

Original: wall street

Tokyo-listed firm Metaplanet bought 1,000 more Bitcoin in the third quarter, raising its total holdings to 44,000 BTC, according to a report from CryptoRank. The purchase keeps the company among the largest corporate Bitcoin treasuries, a strategy often compared to the approach popularised by MicroStrategy. Market watchers continue to track such corporate buying as a signal of institutional demand for Bitcoin.

Why now: Corporate Bitcoin treasury buying remains a closely watched barometer of institutional crypto demand.

MetaplanetBitcoinMicroStrategyCryptoRank

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