Metaplanet Acquires $117M in Bitcoin: Impacting Institutional Interest in Crypto

Japanese firm Metaplanet has made a significant move, acquiring 1,088 Bitcoins worth approximately $117 million. This acquisition adds to their total holdings of 8,888 Bitcoins and positions them among the world’s leading public Bitcoin holders. While whale activity temporarily decreased after months of large profit-taking, this transaction signals a growing trend of institutional investors engaging with Bitcoin. This is further evidenced by the resurgence in Bitcoin’s Open Interest, suggesting traders anticipate a long-term upward trajectory despite current market volatility.