Strategy, led by Michael Saylor, purchased 7,390 Bitcoin for $764.9 million, bringing its total holdings to 576,230 BTC, accounting for approximately 2.74% of Bitcoin's total supply. Concurrently, Tokyo-based Metaplanet acquired 1,004 BTC for $104.8 million, aiming to reach a total of 10,000 BTC by the year's end. These significant buy-ins likely fueled Bitcoin's surge above $106,000, nearing a new all-time high. Saylor emphasized the urgency in acquiring Bitcoin before supply diminishes, while Metaplanet positions itself as a major player in Asia, striving to enhance its cryptocurrency reserves. Current market data places Metaplanet's total Bitcoin holdings at 7,800 BTC. The firm has witnessed a sizable profit from its investments, while comparisons indicate that MicroStrategy has seen more substantial gains since its initial acquisitions in 2020. Both entities reflect a strengthening influence on Bitcoin's market dynamics as they continue to expand their cryptocurrency portfolios.

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