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Metaplanet tops $400M Bitcoin holdings with new $28M purchase

Coin Telegraph LogoCoin Telegraph10h ago

Metaplanet tops $400M Bitcoin holdings with new $28M purchase - Coin Telegraph

Quick Summary:

Despite tariff uncertainty limiting risk appetite among traditional and crypto investors in the short term, analysts are optimistic about Bitcoin’s price trajectory for the next decade.Bitcoin may surpass $1.8 million by 2035, driven by its growing recognition as a superior savings technology, set to rival or surpass gold’s over $21 trillion market capitalization, Joe Burnett, director of market research at Unchained, told Cointelegraph during the  Chainreaction live show on X.

Source: Bitbo According to Enmanuel Cardozo, a market analyst at the asset tokenization platform Brickken, the growing institutional presence of firms, such as Strategy and Tether, is accelerating the four-year Bitcoin cycle.“That puts the bottom around Q3 this year and a peak mid-2026, but I think we might see things move it a bit sooner because the market’s more mature now with more liquidity,” the analyst told Cointelegraph.

Metaplanet acquired 330 Bitcoin (BTC) for $28.2 million at an average price of $85,605 per BTC, bringing the investment firm’s total holdings to 4,855 Bitcoin worth $414 million, according to an April 21 post from Simon Gerovich, the CEO of Metaplanet.

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Article Details

Author / Journalist: Cointelegraph by Zoltan Vardai

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-21 @ 10:08:08 (10 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 411 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28095649

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About Coin Telegraph

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Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 30 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 7 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

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