The Tokyo-listed firm said it invested $10.4 million more in bitcoin, bringing its total holdings to 1,018.17 million BTC ($68.8 million).
Spot Bitcoin ETFs will need to make an average of $301 million in net inflows per day to get it done this week.
After completing major fundraising through stock sales last week, Metaplanet Inc. (Tokyo: 3350) announced earlier today the acquisition of more Bitcoin (BTC). According to the announcement, Metaplanet purchased from the secondary market a total of 156.78 BTC, worth ¥1.6 billion at an average price of around ¥10.2 million per coin.
Tokyo-based early-stage investment firm Metaplanet now holds more than 1,000 Bitcoins.
The recent plunging sentiment in the market had alerted the majority of crypto investors about the potential crash, but there was only so much traders could do about their investments in a short time span.
Ripple's legal battle with the U.S. Securities and Exchange Commission (SEC) continues, with the SEC requesting yet another extension for its main brief submission, now pushing the deadline to January 2025.
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Asia's MicroStrategy Metaplanet has now become the biggest corporate holder of BTC in Asia while taking its Bitcoin holdings to more than 1,000 in the recent purchase. Earlier today, the company announced the purchase of 156 additional BTC for an investment value of $1.6 billion Japanese Yen.
The crypto prices today have sparked investor speculations globally, illustrating mixed actions. Bitcoin (BTC) price gained to rest at the $67K level today, whereas Ethereum (ETH) and XRP moved along the red territory.
Dog-themed cryptocurrencies Dogecoin and First Neiro On Ethereum, bounded together by a "familial" connection, led the meme coin rally Sunday. What happened: NEIRO, named after the newly adopted Shiba Inu pup of the owner of Kabosu, which in turn was the inspiration for Dogecoin, pumped over 6% in the last 24 hours.
XRP price is attempting a recovery wave from the $0.4880 zone. The price must clear the $0.5200 and $0.5320 resistance levels to start a decent increase.
Leading altcoins Cardano and Chainlink have entered new collaborations designed to expand the Bitcoin ecosystem and improve liquidity. With Cardano offering direct access to Bitcoin liquidity through a partnership with BitcoinOS, and Chainlink integrating oracle services to enhance Bitcoin's functionality via Spiderchain, these initiatives promise to significantly impact the evolving blockchain landscape.
Will BTC benefit as predictions sites show higher chances of Trump winning US elections?
After gaining more than 7 percent since the beginning of October, Bitcoin (BTC) price is about to kickstart the next leg of the bullish wave.
Ethereum price extended losses and tested the $2,380 support zone. ETH is recovering losses and struggling to gain pace for a move above the $2,5250 level.
Pennsylvania has made headlines recently by passing the Bitcoin Rights Bill, officially known as House Bill 2481. This legislation marks a significant step forward in securing the rights of residents to manage their digital assets independently, reflecting a growing recognition of cryptocurrency's role in modern finance.
Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone.
Pennsylvania is making significant strides in the cryptocurrency arena with the recent passage of a bipartisan bill aimed at clarifying the state's position on digital assets, particularly Bitcoin. Known as House Bill 2481, or the “Bitcoin Rights Bill,” this legislation is a pivotal move toward protecting the rights of residents to self-custody their digital assets and enabling the use of Bitcoin as a valid payment method.
With the presidential election just a week away, MicroStrategy founder Michael Saylor turned up the political heat a few notches higher, asking who between Donald Trump and Kamala Harris would be better for Bitcoin (CRYPTO: BTC). What Happened: Saylor, a known Bitcoin evangelist, has been vocal about the cryptocurrency's growing influence in political discourse.
Ripple's CEO has revealed that his 25-year-old bank account was closed due to his role leading a crypto company, underscoring rising regulatory pressures and uncertain U.S. policies.
Tether Reserve Breakdown includes $9.45B in BTC, gold, and U.S. Treasuries.
XRP gains as SEC delays Ripple appeal, with the US election's outcome poised to impact crypto regulations and market sentiment.
Leading cryptocurrencies inched higher on Sunday as oil prices tumbled after Israel's attack on Iran avoided hitting the country's oil infrastructure.
The word war between Ripple Labs' key people and the Securities and Exchange Commission (SEC) continues.
Polkadot (DOT) registered a significant decline in recent days, erasing all the gains it had made the previous week. DOT dropped to $4 on Friday but recovered to trade in the $4.10 range.
MicroStrategy, the business intelligence firm known for its substantial Bitcoin holdings, has seen its stock price surge by 7.8% in the last 24 hours, hitting an impressive $236.12. This remarkable increase coincides with a significant rise in Bitcoin's value, which has jumped nearly 20% over the past two months, currently trading at around $68,000.
An economist has argued that bitcoin is a reserve asset similar to gold, noting that some central banks might consider adding it to their reserves.
Solana's impressive BGSOL staking uptake and robust market metrics point to renewed bullish momentum.
The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, the SEC has formally requested a deadline of January 15, 2025, to file its main appeal brief. This request has generated considerable buzz within the XRP community, with many expressing both concern and curiosity about its implications for Ripple and its cryptocurrency, XRP.
Data shows the Ethereum co-founder has nabbed the highest share of “KOL mindshare” on X this week, posting about Ethereum's roadmap and defending from Ethereum critics.
Standard Chartered forecasts bitcoin reaching $73,000 on Nov. 5, U.S. Election Day, with a potential year-end high of $125,000 if Republicans sweep Congress.
Tether CEO Paolo Ardoino recently disclosed that the company holds a significant amount of Bitcoin and gold as reserve assets for its USDT stablecoin.
A significant technical event occurred recently for Bitcoin: a crossover between the 50-day and 100-day Exponential Moving Averages (EMAs). Despite not being the well-known golden cross — a 50-day crossing of the 200-day EMA — this crossover is nonetheless significant.
Ethereum and Solana's hold on DeFi is about to end, well, at least according to Cardano's Charles Hoskinson. In a Twitter/X post on October 25th, the Cardano co-founder claimed that decentralized finance is coming to Bitcoin, and it's going to be bigger than Ethereum and Solana.
A widely followed crypto strategist believes that a decentralized oracle running on Ethereum (ETH) is gearing up for a big market reversal. Analyst Michaël van de Poppe tells his 733,600 followers on the social media platform X that he's bullish on Chainlink (LINK).
Attorney John Deaton has taken a decisive step to represent the interests of XRP holders. Deaton, who is also a candidate for the U.S. Senate, has filed a motion to appear as amicus counsel in the SEC's appeal against Ripple.
The cryptocurrency market has been buzzing lately, especially with the latest data revealing a noteworthy influx of funds into Bitcoin spot exchange-traded funds (ETFs). On October 24, the market recorded a staggering net inflow of $188 million, with BlackRock's IBIT ETF contributing an impressive $166 million.
Tether CEO Paolo Ardoino has disclosed that the company holds more than 82,000 Bitcoin and 48 tonnes of gold in its reserves. Ardoino disclosed this on X while clarifying comments about Tether USDT reserves.
Bit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost.
Michael Saylor's MicroStrategy is back in the news, with its stock trading at a 25-year high. TradingView's recent data shows that MicroStrategy (MSTR) hit $235.89 in Thursday's session.
Despite growing optimism in the crypto community about XRP's future, the cryptocurrency tied to Ripple has come under increased scrutiny from market analysts, particularly following its ongoing price consolidation and price drop over the past two days.
The United States Securities and Exchange Commission (SEC) has listed Bitcoin and Ethereum in its scrutiny list for 2025. Both assets' inclusion in the examination list indicates increased regulatory surveillance amid new products rolled out for institutional investors.
Ethereum finds itself at a pivotal juncture. The advent of layer-2 (L2) scaling solutions has prompted significant discussions within the crypto community, raising concerns that these innovations might undermine the main Ethereum blockchain, often referred to as the mainnet.
Despite favorable volatility, DOGE's success relies on large holders' cooperation; without it, opportunity may slip away.
The Dogecoin price action again appeals to traders, with the meme coin surging an impressive 14% in the past week alone. However, PropiChain (PCHAIN), an upcoming tokenized real estate platform, gained momentum. Analysts predict PropiChain will skyrocket by 8,000%.
The cryptocurrency market showcased a bullish outlook during Sunday's low-volatility session. Following a 1% surge in Bitcoin price, many major altcoins, including Dogecoin, experienced a renewed recovery in the final week of October.
Bitcoin (BTC) has garnered attention as it seems to be forming a classic technical pattern known as the “Cup and Handle.” This formation is often seen as a bullish signal, suggesting that a significant rally might be imminent.