Bitcoin News Today: Metaplanet Adds 775 BTC as Dormant Wallets Move $3.78 Billion Amid Bitcoin 5.54% Weekly Drop

Metaplanet, a publicly listed Japanese company with a focus on cryptocurrency investment, has added 775 Bitcoin (BTC) to its portfolio, bringing its total holdings to 18,888 BTC with a combined value of approximately $1.94 billion. The recent acquisition, confirmed through an official disclosure, came at an average price of $120,006 per BTC, reflecting the company's continued commitment to Bitcoin despite the current bearish trend [1]. CEO Simon Gerovich highlighted that the company has already achieved a 480.2% yield in 2025, positioning Bitcoin as both a reserve asset and a performance driver [1]. This move reinforces Metaplanet’s strategy of accumulating BTC at high price levels, a tactic analysts have likened to that of U.S.-based firm MicroStrategy [1].

The firm’s latest purchase comes amid notable on-chain activity, as 31,967 BTC—worth around $3.78 billion—were transferred from dormant wallets that had been inactive for three to five years. On-chain observer Maartunn noted that such movements have historically been associated with major turning points in Bitcoin’s price trajectory, whether marking bottoms or tops. This particular transfer is the largest of its kind in over a year and has drawn attention from market participants who are now closely monitoring further activity for signs of selling pressure [1]. These dormant wallet movements often signal shifts in behavior among long-term holders, with the potential to influence supply dynamics and market psychology.

Bitcoin’s price has moved in a downward direction in the wake of these developments. At the time of reporting, the asset was trading at $115,274, a 2.45% drop over the past 24 hours and a 5.54% decline over the last seven days, according to CoinGecko. Daily trading volume remained robust at over $30 billion, underscoring continued interest in the market despite the recent sell-off. Analysts have attributed the pullback to both profit-taking and the activation of dormant supply. While Metaplanet’s large institutional purchases signal continued confidence in Bitcoin, such buys do not immediately counterbalance short-term selling pressures [1].

The interplay between institutional accumulation and dormant wallet activity has become a focal point for traders. Analysts suggest that Bitcoin is currently in a consolidation phase, with volatility expected to persist. Institutional players like Metaplanet continue to build reserves, while dormant wallets—often linked to major holders—may introduce new variables into the market. The outcomes of these competing forces will likely determine short-term price direction and investor sentiment in the coming weeks [1].

Source: [1] Metaplanet Adds 775 BTC as Dormant Wallets Move ... (https://blockonomi.com/metaplanet-adds-775-btc-as-dormant-wallets-move-billions-bitcoin-price-slips/)