Metaplanet Boosts Bitcoin Holdings, BlackRock Surpasses Strategy in Crypto Market
Metaplanet Expands Bitcoin Portfolio
Japan-based Metaplanet has purchased an additional 555 Bitcoins, valued at approximately $53.7 million, increasing its total holdings to 5,555 BTC worth $537.2 million. This move aligns with its strategy to accumulate Bitcoin, inspired by Michael Saylor’s approach. The acquisition was made through bitFlyer and QCP Capital, with funds raised via a $25 million bond issuance.
BlackRock Leads in Bitcoin ETF Holdings
BlackRock’s iShares Bitcoin Trust ETF now holds 614,639 BTC, valued at $58.07 billion, surpassing Strategy’s 555,450 BTC ($38 billion). Recent inflows of 5,613 BTC ($529.5 million) on May 6 boosted the ETF’s holdings, while other ETFs like VanEck saw no inflows, and Fidelity and Bitwise experienced outflows of 611 BTC and 239 BTC, respectively.
Bitcoin Price Surges
Bitcoin’s price jumped 2.9% to $96,930, reflecting strong market momentum amid significant institutional investments.
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