According to Simon Gerovich on X and BitcoinTreasuries.com, Metaplanet (3350) has overtaken Coinbase (COIN) to become the ninth-largest public holder of bitcoin (BTC), now owning 10,000 BTC after a recent purchase of 1,112 BTC for $117.2 million at an average price of $105,435 per bitcoin. This aggressive accumulation, funded by a $210 million zero-percent bond issuance, has been positively received by the market, sending Metaplanet shares up 26% in one day. As of June 16, Metaplanet's total bitcoin investment stands at approximately $947 million with an average cost of $94,697 per BTC. These moves highlight increasing institutional adoption and are likely to tighten bitcoin’s available supply, supporting bullish sentiment. Traders should note BTC’s current price near $101,647 (Binance: BTCUSDT), up 2.48% in the last 24 hours, reinforcing upward momentum as major corporates build their positions. (Sources: Simon Gerovich/X, BitcoinTreasuries.com, CoinMarketCap)

According to Gracy Chen (@GracyBitget) in an interview with @JouaidAbdallah from @CNNBusinessAr during TOKEN2049 Dubai, traders should expect more altcoin spot ETFs to be approved in the US, significantly increasing institutional access to crypto markets. Chen also highlighted that by end-2025, 3 to 6 times more public companies are projected to hold Bitcoin compared to current levels, signaling a strong trend toward mainstream adoption. Additionally, she shared exclusive insights on Bitget's upcoming developments, indicating increased competition among crypto exchanges. These institutional trends are likely to improve market liquidity and volatility, offering new entry points for active traders (Source: Gracy Chen Twitter, May 27, 2025).