Metaplanet Acquires 4,279 Bitcoin for $450 Million, Resuming Treasury Strategy
- Bitcoin Acquisition Resumed: Metaplanet has resumed its treasury strategy after a three-month pause by acquiring 4,279 Bitcoin for approximately $450 million, averaging ¥16,325,148 per Bitcoin, thereby reinforcing its position as Asia's largest corporate Bitcoin holder.
- Clear Strategic Goals: This acquisition increases Metaplanet's Bitcoin holdings to 35,102 BTC, valued at around $3.3 billion, demonstrating the company's long-term commitment to hedge against inflation and fiat devaluation, with a target of reaching 10,000 BTC by the end of 2025.
- Positive Market Reaction: Global listed companies net purchased $567 million in Bitcoin last week, with Metaplanet leading the way, potentially impacting Bitcoin supply and supporting its price towards $150,000, although no significant on-chain data shifts were reported.
- Far-Reaching Industry Impact: Metaplanet's continued Bitcoin accumulation could influence regulatory discussions surrounding corporate cryptocurrency holdings, enhancing its role in shaping future technological innovations and market strategies in the digital asset space.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36010.729 | 48005.365 | 60280.749 | 72275.385 | 84550.769 | 96545.405 | 108820.789 |
| Fibonacci | 48005.365 | 57276.512 | 63004.237 | 72275.385 | 81546.532 | 87274.257 | 96545.405 |
About BTC
About the author
