Why isn't Asia's largest Bitcoin treasury company, Metaplanet, buying the dip?Author: Zhou, ChainCatcher
As the crypto market enters a correction window, there is a clear divergence in the actions of Bitcoin treasury companies. The giant Strategy announced last week that it spent $962.7 million to acquire 10,624 Bitcoins at a price of $90,615 each. In contrast, the fourth-largest Bitcoin treasury company, Metaplanet, has come to a halt, having not made any additional purchases for ten consecutive weeks since September 30.
Metaplanet, a Japanese publicly listed company hailed by the market as "Asia's MicroStrategy," was once an aggressive player in the DAT sector. Since launching its reserve plan in April 2024, the company has rapidly accumulated over 30,000 Bitcoins, with a total value of approximately $2.75 billion.
However, the fourth quarter ended with
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