Institutional Bitcoin Buying Surges: MetaPlant Adds 38.46 BTC
2024-09-10

In the past few years, the institutional acquisition and buying of Bitcoin has grown significantly, driving market sentiments towards positivity. To date, more than ten companies hold BTC in a significant chunk. 
In its X post dated September 10, 2024, MetaPlant Inc. quoted that it has an additional 38.46 BTC (valued at $22,00,345.07 as of writing). As of this writing, BTC has been trading at $57,201, with a surge of 4.13% in the past 24 hours. 
The recent purchase of 38.46 BTC for an average price of 7,799,501 yen per Bitcoin. MetaPlant Inc. holds a total of 398.832 BTCs worth $22,84,7747.82 as of writing. Recent Bitcoin Acquisition News 
On September 02, 2024, Todayq reported that MetaPlant technological giants in Japan have announced their strategic partnership with SBI. With this alliance, MetaPlant aims to boost its Bitcoin acquisition. 
In August 06, 2024, X post MetaPlant noted that it bought 57.103 BTC for an average price of 8,756,107 Japanese yen per Bitcoin. 
*Metaplanet announces ¥10.08 billion Gratis Allotment of Stock Acquisition Rights; proceeds to fund additional purchases of 
MicroStrategy is the company that holds 226,500 Bitcoins as of June 24, 2024, worth $12,7458,9448 as of writing. On August 01, 2024, MSTR bought 169 BTC for $11.4 Million; on 20 June 2024, it added 11,931 BTC worth $786.0 Million. MetaPlant Inc. Stock Price Overview 
MetaPlant Inc. (TYO:3350) share is trading at 1,101 JPY, with an intraday surge of 5.87% intraday. In the past seven days, MetaPlant Inc. prices added +156.00 JPY; in the past six months, its prices grew 450.50%. 
MetaPlant Inc. has a 19.05 Billion market capitalization; as per available data, the market cap grew significantly over 52 weeks. As per the data available from TradingView, 13.97 Million MetaPlant shares are free-floating, and the remaining 23.02% are closely held. 
In Q2, 2024 MetaPlant Inc reported 84.46M JPY in total revenue of 64.61M JPY, operating income of -65.86 M JYP, Pre- Tax – 125.15M JPY with a net income of -125.38M JYP. Other Market News
In its recent report, Social Capital quoted that crackdown and enforcement actions against the firms providing crypto services grew by 3,000% in 2024 compared to 2023.
From 2013 to 2024, the SEC has collected $7.42 billion in fines; however, 60% ($4.68 billion) of this amount was collected in 2024.Crypto Market Price Update
When writing, the fear and greed index powered by CoinMarketCap is at 47, reflecting neutrality; at the same time, market capitalization was $2.01 Trillion with an intraday growth of 2.89%. 
At press time, Bitcoin was trading at $57,012 with a growth of 2.86%; however, a decline of 3.04% has been seen in the last seven days. Artificial Superintelligence Alliance (FET) price surged more than 9.14%, making it the top of the intraday gainer list, followed by Mantra at 8.89%. 
The intraday loser list is topped by Helium (HNT) as its price slipped 6.32%, reaching $7.87, followed by Maker (MKR) at $1,581.83 with a decline of 4.24%. 