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Corporate Bitcoin holders Strategy and Metaplanet have aggressively expanded their crypto treasuries, adding over 23,000 BTC in just two weeks. However, Strategy faces legal challenges from shareholders questioning its Bitcoin-focused strategy.
- Strategy acquired 7,390 BTC at an average price of $103,498, funded by share sales, pushing its total holdings to 576,230 BTC.
- A class-action lawsuit accuses Strategy of overstating Bitcoin’s potential and downplaying volatility risks.
- Metaplanet’s stock surged after buying 1,004 BTC, becoming Japan’s top-traded stock, surpassing Toyota.
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