Bitcoin and Ethereum- Metaplanet Adds Over 1,000 BTC
Bitcoin and Ethereum– Popular on-chain data provider Glassnode revealed that over the past 24 hours, Dogecoin (DOGE) has suffered significant realized losses compared to top cryptocurrencies Bitcoin (BTC) and Ethereum (ETH). Among the top 10 crypto assets, DOGE was the only one to show higher realized losses than profits — $132 million in losses versus just $5 million in profits.
In contrast, Bitcoin and Ethereum showed much healthier figures. Bitcoin’s realized losses were only 2.5% of its profits, amounting to $33 million losses against $1.3 billion in profits. Ethereum recorded $18.4 million in losses compared to $35.2 million profits, highlighting stronger market resilience.
Glassnode attributes Bitcoin and Ethereum’s stability to their broader adoption, including institutional interest and spot ETFs, while Dogecoin remains vulnerable to meme-driven volatility and lacks fundamental support.
Metaplanet Boosts Bitcoin Holdings with 1,005 BTC Purchase
Meanwhile, Bitcoin treasury company Metaplanet, operating in Japan and the U.S., announced a major acquisition of 1,005 BTC, worth approximately $108.1 million at an average price of $107,601 per coin. This purchase increased Metaplanet’s total Bitcoin holdings to 13,350 BTC, originally acquired for $1.31 billion and now valued around $1.44 billion.
Metaplanet’s significant accumulation has propelled it into the top five largest corporate Bitcoin treasury holders. The leading position remains with Strategy, led by Michael Saylor, holding an impressive 592,345 BTC valued at over $63.9 billion.
Saylor recently stated on X that since 2020, he has been “irresponsibly long Bitcoin,” choosing it over traditional assets such as stocks, cash, and gold for MicroStrategy’s cash reserves.
Interestingly, Metaplanet’s CEO appears to be following Saylor’s example by announcing large Bitcoin purchases shortly after hinting at them via Sunday tweets, mirroring a strategy commonly used by Strategy.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
