Metaplanet, a Hong Kong-based firm reminiscent of Japanese investment giant Strategy, has entered the crypto market by acquiring a significant sum of Bitcoin despite current market volatility. This move underscores institutional resilience amidst uncertain economic conditions, with Metaplanet strategically leveraging recent price dips to increase its holdings. The company’s latest acquisition brings their total Bitcoin holding to 4,206 BTC, making them one of the world’s top 10 institutional holders of the cryptocurrency. 160 BTC worth roughly $13.3 million were added to their balance sheet recently. This transaction follows recent bullish sentiment in the crypto market, with institutions like GameStop looking to increase their Bitcoin exposure.