Bitcoin ($BTC) is moving into a critical period this August. In line with this, Metaplanet Inc., a Tokyo Stock Exchange-listed platform, has made another Bitcoin ($BTC) buyout of $53M on Monday. This new Bitcoin ($BTC) acquisition has raised its cumulative holdings to 17,595 $BTC. Hence, acquiring such a notable amount highlights Metaplanet’s double-down confidence in Bitcoin’s price trajectory, irrespective of the wider disbelief in a likely uptrend.
Metaplanet Adds 464 $BTC, Underscoring Bold Accumulation Move Amid Market Volatility
Metaplanet’s bold move of acquiring 463 $BTC ($53M) has significantly contributed to increasing the platform’s holdings. In this respect, the platform now possesses 17,595 $BTC (nearly $2.02B). Thus, the latest acquisition denotes a noteworthy start to the week while the most of the investors are reluctant.
At the moment, Bitcoin ($BTC) is changing hands at $114,433.14, expressing a 0.09% increase over the past 24 hours. In addition to this, the flagship crypto asset’s market capitalization stands at $2.27T with a 0.11% rise. Similarly, the 24-hour volume of Bitcoin ($BTC) has jumped by 11.66% to reach $53.73B. Thus, $115,724 serves as a key resistance level.
US CFTC Plans to Enable Spot Crypto Trading via Registered Entities
In the meantime, Metaplanet has also witnessed 309.8% gains during 2024’s 4th quarter while also attaining 129.4% gains in this year’s 2nd quarter. Along with that, the macroeconomic sphere is also evolving while keeping in view the rising crypto growth. Particularly, under the leadership of the U.S. President Donald Trump, the Commodity Futures Trading Commission (CFTC) is planning to permit trading of spot crypto assets on registered platforms.
Apart from this growing crypto acceptance, Metaplanet’s exclusive Bitcoin ($BTC) acquisition signifies its robust investment strategy. Meanwhile, Bitcoin is also showing slight recovery indications that could lead toward a notable upswing. Therefore, the top cryptocurrency’s performance will be crucial to observe in the near term.
