Metaplanet, a Japanese public-listed company, is gaining attention for its aggressive Bitcoin acquisition strategy, reminiscent of MicroStrategy in Asia. In October alone, the firm has added more than 300 Bitcoins to its holdings. This surge in Bitcoin acquisition has resulted in a 60% increase in their BTC reserves just this month.
On a recent purchase alone, Metaplanet acquired an additional 106.976 BTC. This move is seen as a significant investment, likely motivated by the expectations of a strong, upward trajectory in Bitcoin's market price, often referred to as a parabolic rally.
The company's strategy indicates confidence in Bitcoin's future performance and highlights the growing trend of major firms amassing cryptocurrencies as part of their investment portfolios.
