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Metaplanet Buys Bitcoin While Others Pull Back | Bitcoin and Crypto News
Description
Metaplanet’s Bitcoin binge just got bigger—snagging 2,823 coins at a lower average cost than before, pushing their total holdings past 43,000 BTC while raking in $10.9M from income. But not everyone’s buying: Michael Saylor’s firm paused weekly purchases to bolster cash, and K Wave Media sold its last 88 BTC to pay down $6M in debt. Meanwhile, Metaplanet’s stock rose 3.5% but remains down 50% year-to-date—worse than Bitcoin’s 31% dip. The market’s split: some go all-in, others retreat.
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