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12.08.2025 10:19 AM
Yesterday,
Bitcoin and Ethereum quickly gave up all their gains after large purchases seen
during Asian trading hours. However, this profit-taking can be considered largely
speculative, as major market players continue to build positions.
On Tuesday, Japanese asset management company Metaplanet acquired another 518 Bitcoins. The purchase amounted to approximately $61.4 million, signaling the company’s continued accumulation of the world’s largest cryptocurrency. Listed on the Tokyo Stock Exchange, Metaplanet reported that it bought the latest batch of 518 BTC at an average price of
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