Asia-based company Metaplanet, akin to MicroStrategy, has been on a Bitcoin buying spree for consecutive weeks. Their latest acquisition has brought their Bitcoin holdings to over 639 BTC. As of Monday, the Japanese firm made a notable investment worth 1 billion Japanese Yen during the early trading hours.
This surge in purchasing activity has caught the attention of analysts who are now suggesting the possibility of Bitcoin reaching a new all-time high (ATH) in October. This prediction contributes to positive sentiment surrounding Bitcoin's future performance, driven significantly by significant institutional purchases like those by Metaplanet.
The ongoing investment strategy of Metaplanet establishes the company as a major entity in the cryptocurrency market, drawing parallels to American firm MicroStrategy, which is also renowned for its substantial Bitcoin investments.
