When there was a massive sale of Bitcoin (BTC) by large whales, other entities were faithful to their principles and earned more coins against counter currents.
This is the case of Metaprenet, a Japanese investment company cited in the stock market that announced its purchase of 780 Bitcoin (BTC) on Monday, July 28th. The surgery was performed for 13666 million yen. At current market prices, this is equivalent to $92.1 million.
The acquisition has detained a total of 17,132 BTC, valued at approximately $2030 million.
Purchases occur at a time when Bitcoin prices are around $120,000 amid a mix of market movements. Furthermore, after the announcement, Metaplenet stocks increased time by 5.8%move from 7.94 to $8.40 as shown below.
That portfolio growth is located in Metaplanet As the seventh public contributor to detain more Bitcoin. This figure has outperformed other ecosystem affiliates, including Galaxy Digital, CleanSpark and Tesla.
Metaprenet accumulation strategies arise, and some entities and individuals choose to settle their holdings. For example, Galaxy Digital has announced the execution of one of the largest transactions ever registered on Bitcoin. The company sold 80,000 BTC for over $9,000 million under the name of one of the Sato-era whales in the Nakamoto period, as reported by Crypto.