Metaplanet, a publicly-listed investment and consulting firm based in Japan, is sticking to its strategy of "buy the dip" amidst Bitcoin [BTC]'s recent struggles. As BTC battles to break the $60,000 mark, its price recently fell to $56,497.76, reflecting a 0.915% drop over the past 24 hours, according to CoinMarketCap.

Despite this downturn, Metaplanet has seized the opportunity to increase its Bitcoin holdings to nearly 400 BTC. This strategic move by the firm suggests that it believes the current price dip presents a buying opportunity and may hint at a bullish turnaround for BTC.

The article questions whether Metaplanet's Bitcoin purchases and broader institutional trends could signal a positive shift in the cryptocurrency market. Investors and analysts will likely be closely watching Bitcoin's performance in the coming days and weeks to see if Metaplanet's "buy the dip" approach proves to be a wise decision.

Source: https://ambcrypto.com/metaplanet-adds-2-1-mln-to-bitcoin-holdings-buy-the-dip/

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