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Metaplanet Acquires 1271 More Bitcoins, Will BTC Rally This Week?

CoinGape LogoCoinGape19h ago

Metaplanet Acquires 1271 More Bitcoins, Will BTC Rally This Week? - CoinGape

Quick Summary:

On Monday, Metaplanet announced a further acquisition of 1271 Bitcoins for a $126.7 million investment at a BTC price of $102,111.

The announcement comes in days after the company announced its $25 million worth of bond issuance at 0% to further its BTC acquisition plans.

Financial analyst Joe Consorti has observed a strong correlation between Bitcoin’s price movement and the Global M2 Money Supply with a 70-day lag.

More Pictures

Metaplanet Acquires 1271 More Bitcoins, Will BTC Rally This Week? - CoinGape (Picture 1)Metaplanet Acquires 1271 More Bitcoins, Will BTC Rally This Week? - CoinGape (Picture 2)Metaplanet Acquires 1271 More Bitcoins, Will BTC Rally This Week? - CoinGape (Picture 3)

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-12 @ 04:49:37 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 439 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 28593118

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About CoinGape

CoinGape Logo

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 28 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

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The story "Metaplanet Acquires 1271 More Bitcoins, Will BTC Rally This Week?" was covered 19 hours ago by CoinGape, a news publisher based in India.

How trustworthy is 'CoinGape' news outlet?

CoinGape is a fully independent (privately-owned) news outlet established in 2017 that covers mostly crypto news.

The outlet is headquartered in India and publishes an average of 28 news stories per day.

It's most recent story was published 8 hours ago.

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  • News ID: #28593118
  • URL: https://krapivinskiy.beamstart.com/news/metaplanet-acquires-1271-more-bitcoins-17470254929

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