How MetaPlanet's $6.8 Million Bitcoin Investment Highlights Future Profit Opportunities
It’s no longer a secret that specific strategies can help you grow your capital over the long term. This idea dates back to entrepreneurs and big companies investing in stocks and bonds, hoping for future growth.
In the Web3 industry, more has stayed the same; only the technologies have evolved, now offering even more significant long-term profit potential. In today’s article, the Coinmooner team wants to share one such strategy involving the most popular cryptocurrency — Bitcoin. It was reported that MetaPlanet recently allocated $6.8 million to buy BTC and plans to increase its holdings to 303 coins worth $20 million.
Some might think it's too late to invest now, but let’s look at the current situation and calculate the potential percentage profit. Back in 2010, when Bitcoin started trading, its initial price was around $0.08. With its current price at $60,000, you can calculate the percentage increase using a simple formula: subtract the initial price from the current price, divide the difference by the initial price, and multiply the result by 100 to get the percentage. This shows that Bitcoin’s price has increased by about 75,000,000% since it first appeared. Investing for the long term certainly seems more appealing after seeing that number.
With large companies growing interested in long-term Bitcoin investment in the Web3 space, Coinmooner looked closely at recent developments involving MetaPlanet. It was recently revealed that the company added 20.38 BTC to its portfolio on July 22, bringing its total holdings to 303 coins, worth nearly $20 million.
MetaPlanet has stated that it plans to continue accumulating the first cryptocurrency while closely monitoring market conditions to choose the best times to buy.
Additionally, MetaPlanet previously announced plans to continue purchasing Bitcoin using funds from stock sales. The company intends to invest around 10.08 billion yen, equivalent to $70 million.
This interest is vital to the Web3 industry’s growth, as large companies often set the trend for smaller players and individual investors looking for promising opportunities. The situation with Bitcoin is not new; it is often called "digital gold." Coinmooner will closely follow developments and inform our readers of any significant news. We also want to remind you that in the crypto industry, it’s crucial to always use the most advanced security methods to protect your finances.
