Bitcoin Acquisitions Surge as Companies Embrace Cryptocurrency
Several companies announced Bitcoin purchases on Monday, signaling continued confidence in the cryptocurrency market. While Strategy, previously a major player in Bitcoin accumulation, paused its investment streak, other firms stepped up their acquisitions.
Metaplanet Leads the Charge with Record Bitcoin Purchase
Japanese company Metaplanet stood out with its largest Bitcoin purchase to date, reaffirming its commitment to accumulating 30,000 BTC by 2025. The company acquired 2,205 bitcoins for approximately 34.5 billion yen, bringing its total holdings to 15,555 bitcoins, positioning it as the fifth-largest Bitcoin holder among public companies.
Other Companies Join the Bitcoin Buying Spree
- DayDayCook (DDC Enterprise): The company, which began its Bitcoin strategy in May, added 230 bitcoins to its portfolio.
- The Smarter Web Company: This firm increased its holdings by 226.42 bitcoins, surpassing the 1,000 BTC mark.
- Semler Scientific: Following Strategy’s lead, Semler Scientific purchased 187 bitcoins for $20 million, bringing its total to 4,636 BTC.
- The Blockchain Group: The company acquired 116 BTC for approximately 10.7 million euros, now holding 1,904 bitcoins.
Strategy Pauses Acquisitions, but Remains a Dominant Force
Despite halting its recent buying spree, Strategy remains the dominant player in Bitcoin accumulation, holding nearly 600,000 bitcoins. Michael Saylor announced plans to acquire $4.2 billion in Bitcoin through an ATM program, offering 10% yields on these loans. Marathon, with approximately 50,000 bitcoins, and Twenty One Capital (XXI), with 37,320 coins, follow Strategy in terms of Bitcoin holdings.
Bitcoin ETFs Attract Significant Investment
Bitcoin ETFs in the United States continue to attract investors. Despite a $342.2 million outflow on Tuesday, the funds closed the week with $769.5 million in inflows. BlackRock’s IBIT ETF accounted for nearly half of this total, while Fidelity’s FBTC also performed well. Grayscale’s GBTC experienced outflows due to higher fees compared to its competitors.
Bitcoin Price Remains Stable
Bitcoin is currently trading at $107,750, down slightly by 0.8% in the last 24 hours, but maintaining stability in the region.
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