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Bitcoin: Metaplanet Boosts Holdings Amid Market Volatility

Bitcoin: Metaplanet Boosts Holdings Amid Market Volatility

Published:
2025-04-02 18:06:40
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As the cryptocurrency market continues to experience fluctuations, one major player in Japan has made significant moves to bolster its Bitcoin holdings. Here’s a closer look at the recent developments involving Metaplanet and its strategy for investing in Bitcoin.

Metaplanet Expands BTC Holdings to 4,046 BTC

Metaplanet, also known as Japan’s MicroStrategy, has expanded its Bitcoin holdings to 4,046 BTC through strategic acquisitions and income generation. The company recently added 696 BTC to its stash at an average price of approximately $97,500 per Bitcoin. Despite this growth, Metaplanet shares dropped 1.22% as BTC traded at $85,120.92. Notably, Metaplanet’s total Bitcoin reserve was accumulated at an average price of $86,500.57 per coin.

Bitcoin Price Reacts to Musk Leaving Trump’s Inner Circle

A report claims that Tesla’s CEO Elon Musk will step back from his political role in President Trump’s inner circle. The relationship between the two has had ups and downs, but Musk has become a political liability. Sources say people in Trump’s administration are frustrated with Musk’s recent behavior and unpredictability. However, Musk may keep an informal role as an adviser and continue to occasionally appear in the White House.

10 Best Crypto and Bitcoin Casinos for 2025

Online casinos have evolved to cater to diverse gambling preferences. Many players now opt for cryptocurrency when playing online casino games for substantial rewards, leading to the rise of crypto casinos. Bitcoin Casinos allow players to gamble using cryptocurrencies and offer various games like blackjack, roulette, video poker, and slot machines. This article highlights the top 10 crypto and Bitcoin casinos for 2025 based on criteria such as accepted cryptocurrencies, user-friendly interfaces, and global popularity.

BTC Price Surges, Market Cap Stabilizes

The cryptocurrency market capitalization stabilized at $2.8 trillion on Wednesday after shedding 1.2% over the last 24 hours. Bitcoin price surged above $85,000 and hit a high of $87,300, fueled by the ongoing stablecoin bill review in the US Congress. This boosted market sentiment. However, Bitcoin ETFs shed $157.8 million on Tuesday, marking the third successive day of outflows. Key drivers of the market include fresh Bitcoin acquisitions by institutional players and anticipation for the US Congress stablecoin legislation review.

Bitcoin Struggles to Surpass $85K amid Small Sellers Weigh, Whale Accumulation Support

Crypto analyst Glassnode shared metrics showing a shift in Bitcoin holder activity. While whale acquisition score climbing to 0.6, small holder buying activity score has declined below 0.2. This trend indicates big investors are expanding their accumulation while small investors are selling. Today, Bitcoin saw a rebound possibly fueled by whale acquisitions and small investors’ selling activity.

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