Key Points
- Japanese investment firm Metaplanet has acquired an additional 108.78 Bitcoin, bringing its total holdings to 639.5 BTC.
- U.S. Bitcoin ETFs now hold 4.6% of BTC’s total supply, nearing the holdings of Bitcoin’s largest owner, Satoshi Nakamoto.
Bitcoin’s price activity has been fluctuating, drawing attention from investors and traders alike. The cryptocurrency’s price dipped from nearly $66,000 at the end of September to $60,000 on 1st October, before bouncing back.
At press time, Bitcoin was trading at $63,480, up by 2.3% over the last 24 hours. This bullish trend has been noted by investors and traders.
Metaplanet’s Bitcoin Accumulation
Japanese investment firm Metaplanet has capitalized on this momentum, announcing an acquisition of an additional 108.78 BTC for $6.7 million. This brings the firm’s total Bitcoin holdings to 639.5 BTC, valued at approximately $40 million.
Bitcoin Treasuries data revealed that Metaplanet initiated its Bitcoin acquisitions on 23rd April. The recent purchase made on 7th October marks its thirteenth purchase.
Bitcoin ETFs Nearing Satoshi Nakamoto’s Holdings
The introduction of Bitcoin ETFs has marked a significant shift in mainstream sentiment, with many now viewing Bitcoin as a strategic opportunity rather than a risk.
U.S. Spot Bitcoin ETFs now hold 4.6% of Bitcoin’s total supply, equating to $58 billion. This is nearing the holdings of Bitcoin’s largest owner, Satoshi Nakamoto. Data from SoSoValue shows that Bitcoin ETFs have amassed $57.73 billion in total assets.
As the adoption of Bitcoin continues to increase, it remains to be seen whether Nakamoto will maintain his status as the top Bitcoin holder.
