Japanese investment firm Metaplanet has acquired an additional 1,241 Bitcoin (BTC) for approximately ¥18.4 billion (around $126.7 million), bringing its total Bitcoin holdings to 6,796 BTC. This purchase surpasses the Bitcoin reserves held by the government of El Salvador, which currently holds 6,174 BTC. Metaplanet's Bitcoin stash is now valued at over $700 million, with an average buying price of about $90,243 per BTC. The firm aims to increase its holdings to 10,000 BTC by the end of the year, positioning itself as a major Bitcoin treasury holder in Asia, often compared to MicroStrategy. Concurrently, large Bitcoin transactions have been observed on major exchanges, including transfers of hundreds of BTC between wallets and exchanges such as Binance, Coinbase, Kraken, and others, indicating ongoing accumulation by large investors or "whales." Additionally, significant transfers of Ethereum (ETH) and USDC stablecoins have been reported, reflecting active movement within the cryptocurrency market.
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