1. Japan’s Metaplanet Buys $2 Million Worth of Bitcoin
Japanese investment firm Metaplanet has recently expanded its Bitcoin holdings, purchasing an additional ¥300 million ($2 million) worth of Bitcoin. This recent buy comes amid a dip in Bitcoin’s price, with the firm acquiring 38.464 BTC at an average price of ¥7.8 million ($54,517) per Bitcoin. This latest acquisition increases Metaplanet’s total Bitcoin holdings to 398.832 BTC, worth approximately $22.8 million at the current Bitcoin price of $57,123. Metaplanet’s strategy, initiated in April 2024, is part of a broader plan to significantly increase its Bitcoin reserves, driven by the belief that this move will benefit its shareholders in the long run.
2. Michael Saylor Predicts Bitcoin Price Will Reach $13 Million
Michael Saylor, founder of MicroStrategy and a prominent Bitcoin advocate, has predicted that Bitcoin’s price will soar to $13 million per coin over the next 21 years. This forecast suggests an extraordinary increase in Bitcoin’s market capitalization, potentially reaching $256 trillion, which is nearly ten times the current U.S. GDP. MicroStrategy, under Saylor’s leadership, has amassed over $13 billion in Bitcoin, representing more than 1% of Bitcoin’s total supply. Despite recent fluctuations in Bitcoin’s price, Saylor remains bullish on its future, drawing parallels with other major investors like Japan’s Metaplanet who are also expanding their Bitcoin holdings.
