Key Highlights:
- Metaplanet has bought an additional $6.9 million worth of Bitcoin, bringing its total BTC holdings to over $32 million.
- CEO Simon Gerovich predicts Bitcoin’s price could hit $1 million per BTC within the next decade, sticking to a Bitcoin-only strategy.
Yello Paradisers! Japanese investment giant Metaplanet has just dropped another $6.9 million on Bitcoin, bringing its total holdings to a whopping $32 million. If you’re still sitting on the sidelines, it’s time to ask yourself: What do they know that you don’t?
Metaplanet Doubles Down on Bitcoin – No Altcoins, No Problem
In a move that screams serious conviction, Metaplanet announced its latest BTC acquisition on October 1, adding an extra 107.9 BTC to its stash. With a total of 506.7 BTC now under its belt, Metaplanet isn’t playing games, they’ve committed to a Bitcoin First, Bitcoin Only strategy, shunning the altcoin craze completely.
According to Metaplanet’s CEO, Simon Gerovich, this isn’t just a hedge, it’s a long-term play. Gerovich believes Bitcoin could smash the $1 million per coin mark in the next 5 to 10 years, thanks to BTC’s fixed supply and growing adoption by institutional investors. And if you’re thinking about diversifying into altcoins, think again, Metaplanet isn’t touching them.
So, if Metaplanet is accumulating slowly, they are probably a dump in the market soon, so Paradisers, keep your eyes wide, and to know what is coming next, visit our Youtube channel.
