Two prominent companies, Strategy led by Michael Saylor and Metaplanet, spearheaded a significant acquisition of 15,000 BTC (nearly $1.5 billion) amidst growing market interest in Bitcoin. This bold move signifies increased confidence from institutional players regarding Bitcoin as a valuable asset for hedging against economic volatility. The purchase saw Strategy acquire 13,390 BTC, worth $1.34 billion, while Metaplanet purchased an additional 1,241 BTC valued at $126.7 million. This was partly funded by Metaplanet issuing $15 million in bonds, indicating further commitment to bolstering their Bitcoin holdings. Following the announcement, Metaplanet’s stock value surged, gaining 5.7% on May 13th.